Financial Reporting Network

In the Headlines: IASB/FASB Update Status of Convergence Projects Financial Reporting Network | May 14, 2012 | Accounting & Financial Reporting In the Headlines 12-06 summarizes the recently issued joint IASB and FASB progress report about the boards' convergence activities.

FASB Meeting - May 9, 2012 Financial Reporting Network | May 14, 2012 | Accounting & Financial Reporting The FASB met on May 9 and discussed Accounting for Financial Instruments: Impairment, Liquidity and Interest Rate Risk Disclosures.

Defining Issues: SEC Staff Issues Disclosure Guidance for Smaller Financial Institutions Financial Reporting Network | May 11, 2012 | Accounting & Financial Reporting This edition of Defining Issues reports that the SEC's Division of Corporation Finance staff recently issued disclosure guidance that summarizes its observations about Management's Discussion and Analysis and accounting policy disclosures of smaller financial institutions.

Updated Employee Benefit Plans Disclosure Checklist Financial Reporting Network | May 07, 2012 | Accounting & Financial Reporting Updated versions of the Accounting Disclosure Checklist - Employee Benefit Plans and the related WhatÂ’s New document are available.

SEC Posts New FAQs About the JOBS Act Financial Reporting Network | May 07, 2012 | Accounting & Financial Reporting The SEC posted on its website 24 new Q&As about the general applicability of the Jumpstart Our Business Startups (JOBS) Act to companies.

PCAOB Solicits Nominations for Standing Advisory Group Financial Reporting Network | May 07, 2012 | Accounting & Financial Reporting The PCAOB recently announced that it is soliciting nominations for members of its Standing Advisory Group (SAG).

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KPMG Comments on Proposed PCAOB Amendments to Conform Rules and Forms to Dodd-Frank Act Financial Reporting Network | May 07, 2012 | Accounting & Financial Reporting KPMG LLP recently commented on PCAOB Release No. 2012-002, Proposed Amendments to Conform the BoardÂ’s Rules and Forms to the Dodd-Frank Act and Make Certain Updates and Clarifications. The release proposes to tailor certain of the boardÂ’s rules and forms to the audits and auditors of brokers and dealers, and proposes certain other amendments in view of the PCAOBÂ’s administrative experience to date.

IFRS for Investment Funds Financial Reporting Network | May 07, 2012 | Accounting & Financial Reporting KPMGÂ’s International Standards Group (ISG) recently published the May 2012, Issue 4 of IFRS for Investment Funds. The issue addresses the classification of financial assets and liabilities under IFRS 9, Financial Instruments, which supersedes IAS 39, Financial Instruments: Recognition and Measurement.

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