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	<title><![CDATA[Financial Reporting Network Feed]]></title> 
	<link>http://www.kpmginstitutes.com/financial-reporting-network/rss.xml</link> 
	<description><![CDATA[Financial Reporting Network Feed]]></description> 


	<item>
		<title><![CDATA[Defining Issues: Constituents Respond to FAF Proposal to Create Private Company Standards Improvement Council]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-12-6-constituents-respond-to-faf-proposal.aspx</link>
		<description><![CDATA[This edition of Defining Issues provides a summary of comment letters on the Financial Accounting Foundation (FAF) in October 2011 issued a proposal to establish a Private Company Standards Improvement Council (PCSIC). ]]></description>
		<pubDate>Wed, 01 Feb 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[SEC Staff Guide Addresses Mine Safety Disclosure]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-staff-guide-addresses-mine-safety-disclosure.aspx</link>
		<description><![CDATA[The SEC staff recently released a Small Entity Compliance Guide, Mine Safety Disclosure, which discusses reporting requirements under the SEC’s final rule of the same name.]]></description>
		<pubDate>Mon, 30 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[SEC Staff Updates Financial Reporting Manual]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-staff-guide-add-mine-safety-disclose.aspx</link>
		<description><![CDATA[The staff of the SEC's Division of Corporation Finance recently released an updated version of its Financial Reporting Manual, as of Sept. 30, 2011, which provides general guidance about financial reporting topics.]]></description>
		<pubDate>Mon, 30 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Joint FASB/IASB Meeting - Jan. 27, 2012]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/joint-fasb-iasb-meeting-january-27-2012.aspx</link>
		<description><![CDATA[The FASB and IASB met on January 27 and discussed: 
Accounting for Financial Instruments: Classification and Measurement, and Accounting for Financial Instruments: Impairment. ]]></description>
		<pubDate>Mon, 30 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Accounting Disclosure Checklist - Management's Discussion and Analysis]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/acc-disclose-checklist-mang-dis-analysis.aspx</link>
		<description><![CDATA[KPMG LLP recently updated the Specialized Accounting Disclosure Checklist - Management's Discussion and Analysis and its What's New document.]]></description>
		<pubDate>Mon, 30 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Perspective on Disclosure Overload and Complexity: Hidden in Plain Sight]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/perspective-disclosure-overload.aspx</link>
		<description><![CDATA[The topic of disclosure overload and complexity has been addressed by multiple organizations over many years.  KPMG and FEI recently undertook a significant research effort addressing this topic.]]></description>
		<pubDate>Fri, 27 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Proposes Change to Impairment Testing of Indefinite-Lived Intangible Assets ]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-12-05-fasb-prop-change-imp-test-ind.aspx</link>
		<description><![CDATA[The FASB recently issued a proposed Accounting Standards Update (ASU) that would permit an entity to make a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired.]]></description>
		<pubDate>Thu, 26 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[January 2012 Issue of The Bank Statement]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/january-2012-issue-of-the-bank-statement.aspx</link>
		<description><![CDATA[KPMG's International Standards Group recently published the January 2012 issue of The Bank Statement. The issue provides updates about IFRS developments and accounting issues that affect the banking sector, and describes the potential implications of regulatory developments.]]></description>
		<pubDate>Mon, 23 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Updates of Certain Specialized Industry Disclosure Checklists]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/updates-certain-special-indust-dis-checklist.aspx</link>
		<description><![CDATA[KPMG LLP recently updated the Specialized Accounting Disclosure Checklists for Depository and Lending Institutions; Investment Companies; and Oil and Gas Producing Activities, and their respective What's New documents. ]]></description>
		<pubDate>Mon, 23 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[NAIC Releases Draft Framework about Actuarial Guideline XXXVIII (AG 38)]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/naic-releases-draft-framewor-about-actuarial-guideline.aspx</link>
		<description><![CDATA[The National Association of Insurance Commissioners (NAIC) recently released a draft framework that outlines an approach to address issues surrounding the application of Actuarial Guideline XXXVIII (AG 38) for determining statutory reserves for universal life with secondary guarantee and term universal life products.]]></description>
		<pubDate>Mon, 23 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Highlights of Accounting and SEC Filing Matters Commonly Affecting Private Equity Owned Portfolio Companies]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/highlights-acc-sec-file-matters-comm-affect.aspx</link>
		<description><![CDATA[KPMG LLP recently updated a reference tool that allows individuals to identify potential issues and quickly locate information about topics that may affect private equity owned portfolio companies.]]></description>
		<pubDate>Mon, 23 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Release and IASB Proposal Address 2012 XBRL Taxonomies]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-release-iasb-prop-address-2012-xbrl-taxon.aspx</link>
		<description><![CDATA[The FASB recently released the 2012 U.S. GAAP Financial Reporting Taxonomy, pending final acceptance by the SEC, to update the 2011 Taxonomy for accounting standards and other improvements. The IFRS Foundation recently published an Exposure Draft of the IFRS Taxonomy 2012 that would consolidate all IFRS Taxonomy Interim Releases that were published in 2011 for the use of early adopters that choose to report new IFRS and improvements to IFRS issued by the IASB in XBRL format.]]></description>
		<pubDate>Mon, 23 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Updated AICPA Audit and Accounting Guide]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/1-23-12--updated-aicpa-audi-and-accounting-guide.aspx</link>
		<description><![CDATA[The AICPA recently released in electronic format the 2011/12 Audit and Accounting Guide, Brokers and Dealers in Securities. ]]></description>
		<pubDate>Mon, 23 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Issues In-Depth: Boards Revise Joint Revenue Recognition Exposure Draft]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/iid-12-1-board-revise-joint-revenue-recognition-exposure.aspx</link>
		<description><![CDATA[The latest edition of KPMG’s Issues In-Depth discusses the revised FASB/IASB joint exposure draft on revenue recognition (2011 ED). The boards received nearly 1,000 comment letters on the original joint exposure draft and after extensive deliberations revised parts of the proposed standard in response to many of the comments and other input received.]]></description>
		<pubDate>Fri, 20 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Defining Issues: FAF Releases Post-Implementation Review Report on FIN 48]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-12-04-faf-release-post-impl-rev-rep-fin-28.aspx</link>
		<description><![CDATA[KPMG's Defining Issues 12-4 reports that the Financial Accounting Foundation (FAF), in its first formal post-implementation review, concluded that FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48) (codified in Accounting Standards Codification Topic 740, Income Taxes) generally meets its goal of increasing the relevance and comparability in reporting information about tax uncertainties.]]></description>
		<pubDate>Thu, 19 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[SEC Continues to Implement Provisions of the Dodd-Frank Act]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-continues-to-implement-provisions-of-the-dodd-frank.aspx</link>
		<description><![CDATA[In connection with implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC recently adopted new rules to address how mining companies should disclose mine safety information required by Section 1503 of the Act. The SEC amended its rules to conform to the definition of an accredited investor under the act, thereby excluding the value of a person’s home from net worth calculations used to determine whether an individual may invest in certain unregistered securities offerings as an accredited investor.]]></description>
		<pubDate>Mon, 16 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Staff Extends Comment Period on Volcker Rule]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-staff-extends-comment-period-on-volcker-rule.aspx</link>
		<description><![CDATA[The SEC staff recently extended the comment period on the Volcker Rule proposal for one month to Feb. 13. The proposal would prohibit an insured depository institution and its affiliates from engaging in proprietary trading, acquiring an ownership interest in a hedge fund or private equity fund, and sponsoring a hedge fund or private equity fund. ]]></description>
		<pubDate>Mon, 16 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Meeting - Jan. 11, 2012]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-meeting-january-11-2012.aspx</link>
		<description><![CDATA[The FASB met on Jan. 11 and discussed Disclosures about Risks and Uncertainties and the Liquidation Basis of Accounting, specifically the scope of the project in view of the staff’s recent outreach activities and whether the term substantial doubt should be defined.]]></description>
		<pubDate>Mon, 16 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[The New World for Insurance: Preparation and Readiness Survey]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/the-new-world-insurance-prep-read-survey.aspx</link>
		<description><![CDATA[The New World for Insurance: Preparation and Readiness for Accounting Change - an Industry Survey, part of KPMG ISG's New World for Insurance series of publications, discusses and highlights important issues for insurers related to the forthcoming financial reporting changes that will affect the sector.]]></description>
		<pubDate>Mon, 16 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Updated Interim and Annual Accounting Disclosure Checklists]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/updated-inter-annual-acc-dis-check-1-16-12.aspx</link>
		<description><![CDATA[Updated versions of the Interim Accounting Disclosure Checklist and the Accounting Disclosure Checklist - Annual and their respective What's New documents are available.]]></description>
		<pubDate>Mon, 16 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Updates of Certain Specialized Industry Disclosure Checklists]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/updates-certain-spec-ind-disc-check-1-16-12.aspx</link>
		<description><![CDATA[KPMG LLP recently updated the Specialized Accounting Disclosure Checklists for Higher Education, Research, and Other Not-for-Profits (HERON); Insurance Companies; and Public Utilities; and their respective What’s New documents.]]></description>
		<pubDate>Mon, 16 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Staff Observations Address Real Estate Promotional and Sales Material]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-staff-observations-address-real-estate.aspx</link>
		<description><![CDATA[The staff of the SEC’s Division of Corporation Finance recently published observations that summarize frequent findings in its review of promotional and sales material submitted by registrants under Securities Act Industry Guide 5. While the guide applies specifically to real estate limited partnerships, the SEC staff indicated that registrants should consider those requirements for all other limited partnership offerings and real estate investment trusts.]]></description>
		<pubDate>Mon, 16 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[FAF Review Team Issues Post-Implementation Report About FIN 48]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/faf-review-team-issues-post-implementation-report.aspx</link>
		<description><![CDATA[A Financial Accounting Foundation (FAF) review team recently issued a post-implementation review report about FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48) (as codified in FASB ASC Topic 740, Income Taxes). The team concluded that FIN 48 generally achieved its objective of increasing the relevance and comparability of information reported about income tax uncertainties. The report stated that some stakeholders expressed concern about certain aspects of the standard, including the level of judgment involved.]]></description>
		<pubDate>Mon, 16 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Defining Issues: SEC Staff Issues Disclosure Guidance on Exposure to European Sovereign Debt]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-12-03-sec-staff-dis-guid-exp-euro-sov-debt.aspx</link>
		<description><![CDATA[The SEC's Division of Corporation Finance recently issued disclosure guidance in response to uncertainty about registrants' direct and indirect exposures to European sovereign debt.]]></description>
		<pubDate>Wed, 11 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[FASB Issues Companion Proposed ASU About Revenue Recognition]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-issues-companion-proposed-asu-about-revenue.aspx</link>
		<description><![CDATA[On Jan. 4, the FASB issued a proposed ASU, Revenue from Contracts with Customers, which is a companion document to the November 2011 proposed ASU of the same name. The companion proposal includes amendments that would codify the guidance in the November 2011 proposal and amendments to Subtopics that the proposal would consequentially affect. The comment period on the companion proposal ends March 13. ]]></description>
		<pubDate>Mon, 09 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[In the Headlines: Issue 2011-40 - Offsetting Financial Assets and Liabilities - Amendments to IAS 32 and IFRS 7]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/ith-11-40-offset-fin-asset-liab-amend-ias-32.aspx</link>
		<description><![CDATA[In the Headlines 11-40 describes the IASB's recent amendments, Offsetting Financial Assets and Liabilities, to IAS 32, Financial Instruments: Presentation, and IFRS 7, Financial Instruments: Disclosures, to clarify offsetting criteria under IFRS and to require enhanced disclosures about financial assets and liabilities.]]></description>
		<pubDate>Mon, 09 Jan 2012 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[In the Headlines: Issue 2011-39 - Amendments to IFRS 9  - Mandatory Effective Date of IFRS 9 Deferred to Jan. 1, 2015]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/ith-11-39-amend-ifrs9-mand-eff-date.aspx</link>
		<description><![CDATA[In the Headlines 11-39 describes the IASB's two-year deferral of the mandatory effective date of IFRS 9, Financial Instruments (2009 and 2010), from annual periods beginning on or after Jan. 1, 2013 to annual periods beginning on or after Jan. 1, 2015.]]></description>
		<pubDate>Mon, 09 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[In the Headlines: Issue 2011-41 - Clarifying IFRS 10 Transition - Date of Initial Application Defined]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/ith-11-41-clarifying-ifrs10.aspx</link>
		<description><![CDATA[In the Headlines 11-41 describes the IASB’s proposal to clarify the transition guidance in IFRS 10, Consolidated Financial Statements, by defining the date of initial application as the beginning of the period in which an entity adopts IFRS 10. The proposed amendments would be effective for annual periods beginning on or after Jan. 1, 2013 (the effective date of IFRS 10). Early adoption would be required if an entity adopts IFRS 10 early. The comment period ends March 21. ]]></description>
		<pubDate>Mon, 09 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[KPMG Comments on the Financial Accounting Foundation's Plan to Establish the Private Company Standards Improvement Council]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-comments-on-the-financial-accounting-foundation.aspx</link>
		<description><![CDATA[KPMG LLP recently commented on the Financial Accounting Foundation (FAF) Board of Trustees’ Plan to Establish the Private Company Standards Improvement Council (PCSIC). The PCSIC is intended to improve the standard-setting process by giving greater consideration to the needs of users of private company financial statements. The firm concurs with the FAF’s plan and key conclusions.]]></description>
		<pubDate>Mon, 09 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[KPMG's Quarterly Review]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-quarterly-review-4th-qtr-2011.aspx</link>
		<description><![CDATA[KPMG recently published its Quarterly Review, which summarizes recent accounting and SEC filing and disclosure matters that may affect a company’s financial statements in the fourth quarter of 2011.]]></description>
		<pubDate>Mon, 09 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[AICPA Issues Technical Q&amp;As About Health and Welfare Plan Accounting ]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/aicpa-issues-technical-qas-about-health-welfare.aspx</link>
		<description><![CDATA[The AICPA recently issued five Technical Questions and Answers (TIS) in section 6931, “Financial Statement Reporting and Disclosure–Employee Benefit Plans,” to address health and welfare plan accounting and disclosure for reimbursements received under the Patient Protection and Affordable Care Act’s Early Retiree Reinsurance Program. ]]></description>
		<pubDate>Mon, 09 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Defining Issues: PCAOB Re-proposes Auditing Standard on Communications With Audit Committees]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-12-02-pcaob-aud-stand-comm-aud-commit.aspx</link>
		<description><![CDATA[The Public Company Accounting Oversight Board (PCAOB) recently re-proposed for comment an auditing standard on communications with audit committees and related amendments to PCAOB standards.]]></description>
		<pubDate>Thu, 05 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Defining Issues: FASB Defers Requirement to Present Reclassification of Other Comprehensive Income Items Within Net Income]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-12-01-fasb-defers-requirement-to-present-reclassific.aspx</link>
		<description><![CDATA[The FASB recently issued an Accounting Standards Update that defers the effective date of the requirement to present separate line items on the income statement for reclassification adjustments of items out of accumulated other comprehensive income into net income. 

The interim deferral is in effect until the board reconsiders financial statement users’ operational concerns and needs.

The board has not yet established a timetable for this.]]></description>
		<pubDate>Tue, 03 Jan 2012 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[IASB/FASB Joint Project on Insurance Contracts ]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/iasb-fasb-joint-proj-insur-cont-12-22-2011.aspx</link>
		<description><![CDATA[The December 2011, Issue 22 of KPMG ISG's IFRS - Insurance Newsletter highlights the results of recent IASB and FASB discussions related to the joint insurance contracts project.]]></description>
		<pubDate>Thu, 22 Dec 2011 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Quarterly Outlook: December 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/quarterly-outlook-december-2011.aspx</link>
		<description><![CDATA[This edition of KPMG's Quarterly Outlook summarizes major developments that may impact your accounting and financial reporting in the current period and the near future. ]]></description>
		<pubDate>Thu, 22 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues: COSO Releases Proposed Update to Internal Control - Integrated Framework for Comment]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-69-coso-releases-prop-update-int-control.aspx</link>
		<description><![CDATA[The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently issued for public comment a proposed update to Internal Control - Integrated Framework.]]></description>
		<pubDate>Thu, 22 Dec 2011 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Defining Issues: Boards Make Progress on Impairment Model for Financial Assets]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-68-board-make-prog-impair-fin-asset.aspx</link>
		<description><![CDATA[This edition of KPMG's Defining Issues reports that at their recent joint meeting, the FASB and IASB (the boards) reached significant tentative decisions about their impairment model for financial assets. ]]></description>
		<pubDate>Wed, 21 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Staff and FINRA Issue Risk Alert About Broker-Dealer Branch Office Inspections]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-staff-finra-risk-alert-broker-office-insp.aspx</link>
		<description><![CDATA[The SEC and the Financial Industry Regulatory Authority (FINRA) recently issued a Risk Alert and Regulatory Notice about broker-dealer branch inspections and offered suggestions to help improve performance of this key supervisory function.]]></description>
		<pubDate>Tue, 20 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[In the Headlines: Issue 2011/38 - Reminder: Effective Dates of IFRS]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/headlines-2011-38-reminder-effective-date-ifrs.aspx</link>
		<description><![CDATA[This edition serves as a reminder of newly effective standards and standards issued but not yet effective for interim and annual periods ending on Dec. 31, 2011.]]></description>
		<pubDate>Tue, 20 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Staff to Release Filing Review Correspondence Earlier]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-staff-release-filing-rev-corresp-ealier.aspx</link>
		<description><![CDATA[To further enhance the transparency of the filing review process, effective Jan. 1, 2012, the SEC staff will release filing review correspondence no earlier than 20 business days after it completes a filing review.]]></description>
		<pubDate>Tue, 20 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Joint FASB/IASB Meeting -- Dec. 14-16, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/joint-fasb-iasb-meeting-dec-14-16-2011.aspx</link>
		<description><![CDATA[The FASB and IASB met Dec. 14-16 and discussed: Leases, Accounting for Financial Instruments: Impairment and Insurance Contracts.]]></description>
		<pubDate>Tue, 20 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues: Boards Issue Enhanced Disclosure Requirements on Offsetting]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-67-board-issue-enhan-disc-offset.aspx</link>
		<description><![CDATA[The FASB, concurrent with the IASB, issued new accounting standards that are intended to enhance current disclosure requirements on offsetting financial assets and liabilities.]]></description>
		<pubDate>Tue, 20 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[New FASB and IASB Standards Address Disclosures About Offsetting]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-iasb-stand-address-disclos-offset-12-19-11.aspx</link>
		<description><![CDATA[On Dec. 16, the FASB issued ASU No. 2011-11, Disclosures about Offsetting Assets and Liabilities, in conjunction with the IASB's issuance of amendments to Disclosures-Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7). ]]></description>
		<pubDate>Mon, 19 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[KPMG Comments on PCAOB Concept Release on Auditor Independence and Audit Firm Rotation]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-comment-pcaob-con-rel-aud-ind.aspx</link>
		<description><![CDATA[KPMG LLP recently commented on the PCAOB's Concept Release on Auditor Independence and Audit Firm Rotation, which addresses enhancing auditor independence, objectivity and professional skepticism with a focus on mandatory audit firm rotation.]]></description>
		<pubDate>Mon, 19 Dec 2011 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[FASB ASU Clarifies Scope of Derecognition of In Substance Real Estate]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-asu-clarify-scope-derec-sub-real-estate.aspx</link>
		<description><![CDATA[On Dec. 14, the FASB issued ASU No. 2011-10, Derecognition of In Substance Real Estate - a Scope Clarification (a consensus of the FASB Emerging Issues Task Force). Under the ASU, a reporting entity that ceases to have a controlling financial interest in a subsidiary that is in substance real estate as a result of default on the subsidiary's nonrecourse debt would apply FASB ASC Subtopic 360-20, Property, Plant and Equipment - Real Estate Sales, to determine whether to derecognize assets and liabilities of that subsidiary.]]></description>
		<pubDate>Mon, 19 Dec 2011 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Defining Issues: FASB Adds Research Project on When an Entity Is an In-Substance Asset]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-66-fasb-adds-research-project.aspx</link>
		<description><![CDATA[The FASB recently decided to add a research project to its agenda that will explore when an entity that consists of nonfinancial assets should be accounted for as in-substance assets.]]></description>
		<pubDate>Mon, 19 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Focus on Financial Reporting - 2011 Annual Update]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/focus-on-financial-reporting-2011-annual-update.aspx</link>
		<description><![CDATA[This annual publication from KPMG Canada’s Audit practice covers Canadian, international and U.S. developments in the financial reporting field.]]></description>
		<pubDate>Fri, 16 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Issues-In-Depth: 2011 AICPA National Conference on Current SEC and PCAOB Developments]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/iid-aicpa-sec-conf.aspx</link>
		<description><![CDATA[2011 AICPA National Conference on Current SEC and PCAOB Developments]]></description>
		<pubDate>Wed, 14 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Meeting - Dec. 7, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-meeting-dec-7-11.aspx</link>
		<description><![CDATA[The FASB met on Dec. 7 and discussed its project about Presentation of Comprehensive Income: Reclassifications of Items of Other Comprehensive Income. ]]></description>
		<pubDate>Mon, 12 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Proposes ASU About Accounting for the Cumulative Translation Adjustment on the Sale or Transfer of a Group of Assets]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-proposed-asu-acc-cum-tran-adj-sale.aspx</link>
		<description><![CDATA[On December 8, the FASB issued a proposed ASU, Parent's Accounting for the Cumulative Translation Adjustment upon the Sale or Transfer of a Group of Assets That Is a Nonprofit Activity or a Business within a Consolidated Foreign Entity.]]></description>
		<pubDate>Mon, 12 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Public Policy Alert: Focus on Information Protection Intensifies as Market Forces, Regulatory Disclosure Requirements Increase]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/public-policy-alert-focus-info-protection.aspx</link>
		<description><![CDATA[The December 2011, Issue 13 of KPMG's Public Policy Alert addresses how recent information protection regulations and evolving legislative changes around data usage may affect business strategies.]]></description>
		<pubDate>Mon, 12 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[GASB Proposes Financial Projections for Assessing Economic Condition of Governments]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/gasb-proposes-financial-projections-for-assessing.aspx</link>
		<description><![CDATA[The GASB recently issued Preliminary Views, Economic Condition Reporting: Financial Projections, which proposes that state and local governments present five-year projections of cash inflows, cash outflows and financial obligations as required supplementary information to their financial statements. The information is designed to better enable taxpayers, bond holders, and other interested parties to assess a government’s financial health. ]]></description>
		<pubDate>Mon, 12 Dec 2011 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[In the Headlines: Issue 2011/37 - Further EC Proposals for Reform of the Audit Market]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/in-the-headlines-issue-2011-37.aspx</link>
		<description><![CDATA[This issue of In the Headlines discusses the EC proposals for reform of the audit market.]]></description>
		<pubDate>Mon, 12 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues: SEC Staff Communicates Expectations About Management's Responsibilities for Fair Value Measurements of Investment Securities]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-65-sec-staff-communicates-expectations.aspx</link>
		<description><![CDATA[The Securities and Exchange Commission (SEC) staff has actively communicated its expectations about the responsibilities of registrants’ management when using third-party pricing vendors for estimating the fair value of investment securities. This document summarizes the SEC staff’s communications and its areas of focus. In addition, we provide examples of activities and controls that we have observed management teams utilizing in practice to satisfy their responsibilities.]]></description>
		<pubDate>Mon, 12 Dec 2011 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Updated AICPA Audit and Accounting Guide - July 1, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/updated-acipa-audit-and-accounting-guide-july1-2011.aspx</link>
		<description><![CDATA[The AICPA recently released in electronic format the 2011 Audit and Accounting Guide, Entities with Oil and Gas Producing Activities.]]></description>
		<pubDate>Mon, 05 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[KPMG Comments on FASB Proposal About Presentation of Reclassifications of Accumulated OCI Items in Net Income]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-com-fasb-prop-pres-reclass-acc-oci.aspx</link>
		<description><![CDATA[KPMG LLP recently commented on the proposed FASB ASU, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. We supported the board’s decision to defer the effective date of the requirement in ASU No. 2011-05 to present on the face of the financial statement reclassifications of items out of accumulated other comprehensive income into net income.]]></description>
		<pubDate>Mon, 05 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[IASB/FASB Joint Project on Insurance Contracts]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/iasb-fasb-joint-proj-insurance-cont-12-05-2011.aspx</link>
		<description><![CDATA[The Nov. 24, 2011, Issue 21 of KPMG ISG’s IFRS - Insurance Newsletter highlights the results of recent IASB and FASB discussions through Nov. 22 related to the joint insurance contracts project.]]></description>
		<pubDate>Mon, 05 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Meetings - Nov. 22, 2011 and Nov. 30, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-meeting-nov-22-30-2011.aspx</link>
		<description><![CDATA[The FASB met on Nov. 22 and discussed Nonpublic Entity Fair Value Measurement Disclosures. The FASB also met on Nov. 30 and discussed Insurance Contracts and FASB Ratification of EITF Consensuses and Tentative Conclusions.]]></description>
		<pubDate>Mon, 05 Dec 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Updated AICPA Audit and Accounting Guide]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/updated-aicpa-audit-accouting-guide-11-23-2011.aspx</link>
		<description><![CDATA[The AICPA recently released in electronic format the 2011 Audit and Accounting Guide, Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies.]]></description>
		<pubDate>Mon, 28 Nov 2011 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Joint FASB/IASB Meeting - Nov. 16, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/joint-fasb-iasb-meeting-nov-16-2011.aspx</link>
		<description><![CDATA[The FASB and IASB met on Nov. 16 and discussed insurance contracts and leases.]]></description>
		<pubDate>Mon, 28 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[KPMG White Paper Addresses Top Ten Priorities for Internal Audit]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-white-paper-addresses-top-ten-priorities.aspx</link>
		<description><![CDATA[KPMG LLP's Americas' Financial Services Regulatory Center of Excellence recently released, "Dodd-Frank: Top Ten Priorities for Internal Audit." The white paper highlights 10 priorities organizations should consider in view of the reforms that are being implemented under the Dodd-Frank Wall Street Reform and Consumer Protection Act.]]></description>
		<pubDate>Wed, 23 Nov 2011 00:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[KPMG Comments on GASB Preliminary Views About Recognition and Measurement]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-comments-on-gasb-preliminary-views-about-recognition.aspx</link>
		<description><![CDATA[KPMG LLP recently commented on the GASB Preliminary Views, Recognition of Elements of Financial Statements and Measurement Approaches, which proposes a recognition framework for the economic resources measurement focus and the near-term financial resource measurement focus.
]]></description>
		<pubDate>Wed, 23 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[KPMG Comments on GASB Exposure Drafts About Pensions]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-comments-gasb-ed-pensions.aspx</link>
		<description><![CDATA[KPMG LLP recently commented on the GASB Exposure Drafts, Accounting and Financial Reporting for Pensions, an amendment of GASB Statement No. 27, and Financial Reporting for Pension Plans, an amendment of GASB Statement No. 25.]]></description>
		<pubDate>Wed, 23 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[In the Headlines: Issue 2011-35 Revenue From Contracts With Customers]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/in-the-headline-issue-2011-35.aspx</link>
		<description><![CDATA[This In The Headlines discusses the IASB's ED on revenue from contracts with customers. We highlight the business impacts and what companies could start doing now. ]]></description>
		<pubDate>Wed, 23 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Disclosure Overload and Complexity: Hidden in Plain Sight]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-fei-dis-rep-disclose-overload-complexity.aspx</link>
		<description><![CDATA[This publication suggests that disclosure has increased significantly in volume and complexity. It poses a dilemma for smaller investors who may make suboptimal investment decisions due to their inability to absorb the volume and complexity of literature.]]></description>
		<pubDate>Tue, 22 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues 11-64: SEC Issues Reports on IFRS Application and Differences With U.S. GAAP]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-64-sec-issue-report-ifrs-app-us-gaap.aspx</link>
		<description><![CDATA[The SEC staff recently issued two reports under its IFRS work plan to evaluate whether IFRS might be incorporated into the financial reporting system for U.S. issuers.]]></description>
		<pubDate>Tue, 22 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues 11-63: FEI Conference on Current Financial Reporting Issues]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-63-fei-conf-current-fin-rep-issue.aspx</link>
		<description><![CDATA[Financial Executives International hosted its annual financial reporting issues conference that primarily focused on recent developments on the FASB and IASB joint projects, current accounting and financial reporting topics, and SEC developments. This edition presents a summary of selected highlights from the conference.]]></description>
		<pubDate>Mon, 21 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues: Boards Release Revised Revenue Recognition Exposure Draft]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-62-boards-release-revised-revenue-recognition-exp.aspx</link>
		<description><![CDATA[The FASB and IASB (the boards) recently issued a revised joint exposure draft on revenue recognition. The boards received nearly 1,000 comment letters on the original 2010 joint exposure draft and, after extensive deliberations, revised various aspects of the proposed standard.]]></description>
		<pubDate>Wed, 16 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Updated AICPA Financial Reporting Alert]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/updated-aicpa-financial-reporting-alert-11-14-2011.aspx</link>
		<description><![CDATA[The AICPA recently released in electronic format the 2011/12 Financial Reporting Alert: Current Economic Instability: Accounting Issues and Risks for Financial Management and Reporting.]]></description>
		<pubDate>Mon, 14 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Approves Rules to Strengthen Listing Standards for Reverse Merger Issuers]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-approve-rule-strength-list-rev-merge.aspx</link>
		<description><![CDATA[The SEC recently approved rules proposed by NYSE, AMEX, and NASDAQ to strengthen the listing standards for a company that goes public by merging a previously private operating company with a public shell corporation.]]></description>
		<pubDate>Mon, 14 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Meeting - Nov. 9, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-meeting-november-9-2011.aspx</link>
		<description><![CDATA[The FASB met on Nov. 9 and discussed its project about not-for-profit financial reporting. Following consultation with the board, the chairman announced that the FASB would add to its agenda a standard-setting project and a research project to improve financial reporting for not-for-profit entities.]]></description>
		<pubDate>Mon, 14 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[IASB/FASB Joint Project on Insurance Contracts]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/11-14-iasb-fasb-joint-project-on-insurance-contracts.aspx</link>
		<description><![CDATA[The November 2011 Issue 20 of KPMG ISG's IFRS - Insurance Newsletter highlights the results of the October IASB and FASB discussions related to the joint insurance contracts project.]]></description>
		<pubDate>Mon, 14 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Issues &amp; Trends in Insurance: NAIC's 2011 Fall Meeting]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/iti-11-7-naics-2011-fall-meeting.aspx</link>
		<description><![CDATA[Issues & Trends in Insurance presents highlights from the National Association of Insurance Commissioners' fall meeting. Groups adopted guidance for performing their own risk and solvency assessment (ORSA) and continued discussions about applying Actuarial Guideline XXXVIII. This edition briefly describes these and other steps taken at the meeting.]]></description>
		<pubDate>Fri, 11 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Not-for-Profit Alert: FASB Adds Two Agenda Projects to Improve Not-for-Profit Accounting]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/not-for-profit-alert-fasb-adds-two-agenda-projects.aspx</link>
		<description><![CDATA[This edition of KPMG's Not-for-Profit Alert reports that the FASB has added two projects to its agenda to improve not-for-profit accounting.]]></description>
		<pubDate>Fri, 11 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues: FASB Progresses on Financial Instruments Project]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-61-fasb-progresses-on-financial-instruments-project.aspx</link>
		<description><![CDATA[This edition of KPMG's Defining Issues reports that the FASB continues to make significant tentative revisions to its exposure draft on accounting for financial instruments after considering feedback from constituents. This edition summarizes the FASB's tentative decisions through its Nov. 9, 2011, meeting, which are subject to change until a final standard is issued.]]></description>
		<pubDate>Fri, 11 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues: FASB Proposes to Defer Net Income Presentation of Reclassification of Other Comprehensive Income Items]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-60-fasb-proposes-to-defer-net-income-presentatio.aspx</link>
		<description><![CDATA[The FASB recently issued a proposed Accounting Standards Update that would defer the requirement to separately present within net income reclassification adjustments of items out of accumulated other comprehensive income. This proposal responds to concerns that this information may be costly to obtain and may add unnecessary complexity to financial statements. The proposal would not change the other requirements established by the FASB earlier this year, including elimination of the alternative to present comprehensive income in the statement of equity.]]></description>
		<pubDate>Thu, 10 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues: FASB Releases Exposure Draft on Principal-Agent Considerations in Consolidation Evaluations]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-59-fasb-releases-exposure-draf-on-principal-agent.aspx</link>
		<description><![CDATA[The FASB recently issued a proposed Accounting Standards Update (ASU) that would change the way reporting enterprises evaluate whether to consolidate variable interest entities (VIEs) and non-VIE partnerships and similar entities. ]]></description>
		<pubDate>Tue, 08 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Issues Proposed ASU about Principal vs. Agent Analysis for Consolidation]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-issues-proposed-asu-about-principal-agent-analy-cons.aspx</link>
		<description><![CDATA[On November 3, the FASB issued a proposed ASU, Principal versus Agent Analysis, which would require a qualitative analysis to determine whether a decision maker that has a variable interest in a variable interest entity (VIE) is using its power in a principal or an agent capacity when evaluating whether the decision maker is required to consolidate the VIE.]]></description>
		<pubDate>Mon, 07 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[New Publication: First Impressions: Production Stripping Costs]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/new-pub-first-impress-prod-strip-cost.aspx</link>
		<description><![CDATA[The KPMG International Standards Group recently published First Impressions: Production Stripping Costs, which summarizes key requirements and observations about IFRIC 20, Stripping Costs in the Production Phase of a Surface Mine, and highlights application issues.]]></description>
		<pubDate>Mon, 07 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Joint FASB/IASB Meeting - November 1, 2011 and FASB Meeting - November 2, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/joint-fas-iasb-meeting-nov-1-2.aspx</link>
		<description><![CDATA[The FASB and IASB met on November 1 to discuss lessor disclosures and additional transition issues in their joint project about Leases. 

The FASB met on November 2 to discuss its project Impairment of Indefinite-Lived Intangible Assets. The Board discussed a summary of preliminary outreach and research, including potential alternatives for improving the accounting for the impairment of indefinite-lived intangible assets. ]]></description>
		<pubDate>Mon, 07 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[AICPA Technical Q&amp;A about Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/aicpa-technical-qa-about-account-for-costs-associate.aspx</link>
		<description><![CDATA[The AICPA recently announced that a new item is available in its Technical Questions and Answers (TIS) series, Insurance Companies, to address prospective or retrospective application of FASB ASU No. 2010-26, Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts (a consensus of the FASB Emerging Issues Task Force), and how to implement retrospective application when varying levels of historical information are available. 

]]></description>
		<pubDate>Mon, 07 Nov 2011 00:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues: SEC Staff Issues Cybersecurity Disclosure Guidance]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-58-sec-staff-issues-cybersecurity-disclosure-guidan.aspx</link>
		<description><![CDATA[This issue of Defining Issues reports that the SEC's Division of Corporation Finance recently issued guidance for registrants about disclosure obligations relating to cybersecurity risks and cyber incidents. The guidance is relevant as companies increasingly rely on digital technologies. As their reliance has increased, so have the threats to the security of those technologies.]]></description>
		<pubDate>Thu, 03 Nov 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues 11-57: EITF Addresses In-substance Real Estate Entities and Cumulative Translation Adjustments]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-57-eitf-addres-sub-real-estate-adj.aspx</link>
		<description><![CDATA[This edition of Defining Issues reports that the FASB's Emerging Issues Task Force reached a final consensus on derecognition of in-substance real estate entities. The board also reached a proposed consensus on a parent's accounting for the cumulative translation adjustment upon the sale or transfer of a group of assets within a consolidated foreign entity that meets the definition of a business.]]></description>
		<pubDate>Thu, 03 Nov 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Final Highlights of September 2011 CAQ SEC Regulations Committee Meeting]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/final-highlights-sept-2011-caq-sec-reg-meet.aspx</link>
		<description><![CDATA[The Center for Audit Quality (CAQ) recently posted to its Web site the highlights of the September 27, 2011 meeting of its SEC Regulations Committee.]]></description>
		<pubDate>Mon, 31 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[IASB Proposes Amendment to IFRS 1 for Government Loans]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/iasb-prop-amend-ifrs-1-gov-loans.aspx</link>
		<description><![CDATA[The IASB recently issued an Exposure Draft, Proposed Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards: Government Loans, which proposes an additional exception to the retrospective application of IAS 20, Accounting for Government Grants and Disclosure of Government Assistance, to government loans with a below-market interest rate.]]></description>
		<pubDate>Mon, 31 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Meeting - October 26, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-meeting-october-26-2011.aspx</link>
		<description><![CDATA[The FASB met on October 26 to discuss its project Disclosures about Risks and Uncertainties and the Liquidation Basis of Accounting.]]></description>
		<pubDate>Mon, 31 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Continues to Implement Provisions of the Dodd-Frank Act]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-continues--provisions-of-the-dodd-frank.aspx</link>
		<description><![CDATA[In connection with implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC recently adopted a new rule that requires certain investment advisers to periodically file a new form (Form PF), which will be kept confidential, that the Financial Stability Oversight Council will use to monitor risks in the U.S. financial system. ]]></description>
		<pubDate>Sun, 30 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[SEC to Hold Forum on Small Business Capital Formation]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-to-hold-forum-on-small-business-capital-formation.aspx</link>
		<description><![CDATA[The SEC will hold its annual forum about small business capital formation on Thursday, Nov. 17. This forum, which allows the SEC’s Office of Small Business Policy to interact with constituents in the small business community, includes panel discussions about current capital formation issues for private companies and initial public offerings and securities regulation that involve smaller public companies. The names of panel participants and the full agenda for the forum will be announced at a later date. ]]></description>
		<pubDate>Sun, 30 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Two SEC Commissioners Confirmed]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/two-sec-commissioners-confirmed.aspx</link>
		<description><![CDATA[The U.S. Senate recently confirmed the appointment of Republican Daniel Gallagher and reconfirmed Democrat Luis Aguilar as SEC commissioners. This is Aguilar’s second term as commissioner. Gallagher replaces outgoing Commissioner Kathleen Casey, whose term expired June 5. ]]></description>
		<pubDate>Sun, 30 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[SEC to Hold Financial Reporting Series Roundtable About Measuring Uncertainty]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-to-hold-financial-reporting-series-roundtable-abou-mea.aspx</link>
		<description><![CDATA[As part of its Financial Reporting Series, the SEC’s Office of the Chief Accountant (OCA) will hold a public roundtable on Nov. 8 to examine financial statement measurements and associated disclosures of uncertainties. The discussion will address whether measurements and disclosures provide investors with useful information; the challenges for preparers in providing information; and auditability of measurement uncertainties.]]></description>
		<pubDate>Sun, 30 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Updated AICPA Audit and Accounting Guide]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/aicpa-audit-and-accounting-guide.aspx</link>
		<description><![CDATA[The AICPA recently released in electronic format the 2011 Audit and Accounting Guide, Health Care Entities. ]]></description>
		<pubDate>Sun, 30 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[Defining Issues 11-56: FASB Proposes Changes to Guidance on Accounting and Financial Reporting by Investment Companies]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-56-fasb-prop-change-acc-fr-invest-co.aspx</link>
		<description><![CDATA[This edition of KPMG's Defining Issues reports that the FASB recently issued a proposed Accounting Standards Update (ASU) that would change the criteria used to determine whether an entity is subject to the accounting and financial reporting requirements that apply to investment companies.]]></description>
		<pubDate>Thu, 27 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Defining Issues: FASB Issues Proposed Guidance on Accounting by Investment Property Entities ]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-55-fasb-issues-proposed-guidance-on-ccounting.aspx</link>
		<description><![CDATA[This edition of KPMG's Defining Issues reports that the FASB recently issued a proposed Accounting Standards Update (ASU) that would define investment property entities (IPEs), require fair value measurement of investment properties held by those entities, and establish additional presentation and disclosure requirements for IPEs' financial reporting.]]></description>
		<pubDate>Thu, 27 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Defining Issues: FASB and IASB Propose to Retain Operating Lease Accounting for Some Leases of Lessors]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/di-11-54-fasb-iasb-propose-to-retain-operating-lease-acct.aspx</link>
		<description><![CDATA[This edition of KPMG’s Defining Issues reports that at their Oct. 19 meeting, the FASB and IASB reached tentative decisions about lessor accounting and transition guidance for lessees and lessors.]]></description>
		<pubDate>Mon, 24 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[FASB Seeks Comments on Proposed ASU for Technical Corrections to Codification]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-seeks-com-prop-asu-tech-correct-cod.aspx</link>
		<description><![CDATA[On October 14, the FASB issued a proposed ASU, Technical Corrections, which would make certain technical corrections to the Codification. ]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Staff Issues Legal Bulletins about Shareholder Proposals; Opinions in Registered Offerings]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-staff-issues-legal-bulletin-sp-oro.aspx</link>
		<description><![CDATA[The staff of the SEC's Division of Corporation Finance recently issued two Staff Legal Bulletins.]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Staff Issues Disclosure Guidance about Cybersecurity]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-staff-issue-disclos-guid-cybersecurity.aspx</link>
		<description><![CDATA[The staff of the SEC’s Division of Corporation Finance recently issued CF Disclosure Guidance: Topic No. 2 to address disclosure obligations related to cybersecurity risks and cyber incidents, which can be unintentional or result from deliberate attacks in which unauthorized users gain access to electronic data. ]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[In the Headlines: Issue 2011/34 - Proposed First-Time Adoption Relief from Retrospective Fair Value Measurement of Government Loans]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/headlines-2011-34-prop-first-time-adopt-relief.aspx</link>
		<description><![CDATA[In response to constituent concerns, the IASB has proposed an exception to the retrospective fair value measurement of government loans with below-market rates of interest.]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Joint FASB/IASB Meeting - October 19 and 20, 2011 and FASB Meeting - October 21, 2011]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/joint-fasb-iasb-meeting-oct-19-20-2011.aspx</link>
		<description><![CDATA[The FASB and IASB met in October 2011 to discuss various topics.]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[KPMG White Paper Addresses Compliance With Conflict Minerals Legislation]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/kpmg-white-paper-compli-conflict-min-leg.aspx</link>
		<description><![CDATA[The white paper provides an overview of legislation and policy making by state and local governments and governments around the world to prohibit or dissuade companies from using or partnering with companies that use conflict minerals.]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[October 2011 Issue of The Bank Statement]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/october-2011-issue-of-the-bank-statement.aspx</link>
		<description><![CDATA[KPMG's International Standards Group recently published the October 2011 issue of The Bank Statement, to update readers about IFRS developments and accounting issues that affect the banking sector, and discuss the potential implications of regulatory developments. ]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[IFRIC 20 Addresses Stripping Costs in the Production Phase of a Surface Mine]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/ifric-20-addres-strip-cost-prod-phase-surf-mine.aspx</link>
		<description><![CDATA[The IASB's IFRS Interpretations Committee recently issued IFRIC 20, Stripping Costs in the Production Phase of a Surface Mine, which addresses perceived diversity in practice in the accounting for stripping cost in the production phase of surface mining activity.]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[In the Headlines: Issue 2011/33 - Changes in Accounting for Production Stripping Costs Likely]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/headlines-2011-33-change-acc-prod-strip-cost.aspx</link>
		<description><![CDATA[This In the Headlines discusses IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[CFO Financial Forum Webcast - Results of the November 2011 EITF Meeting]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/cfo-ffw-results-nov-2011-eitf-meeting.aspx</link>
		<description><![CDATA[KPMG LLP will host a webcast, "Results of the November 2011 EITF Meeting," on Friday, Nov. 4, from 1:30 - 2:30 p.m. ET to address topics discussed by the FASB's Emerging Issues Task Force at its Nov. 3 meeting.]]></description>
		<pubDate>Sun, 23 Oct 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[Not-for-Profit Alert - October 2011: White Paper Addresses Measurement of Fair Value for Not-for-Profit Entities]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/not-for-profit-alert-2011-10.aspx</link>
		<description><![CDATA[This edition of KPMG's Not-for-Profit Alert reports that the AICPA recently issued a white paper that addresses the Financial Reporting Executive Committee's non-authoritative views on applying fair value measurement to not-for-profit entities.]]></description>
		<pubDate>Mon, 17 Oct 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[SEC Requests Comments About Regulations]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-requests-comments-about-regulations.aspx</link>
		<description><![CDATA[The SEC recently issued for public comment Retrospective Review of Existing Regulations, which requests information to be used to develop a plan for the retrospective review of regulations, including how often rules should be reviewed, factors to consider, and public participation in rulemaking.]]></description>
		<pubDate>Sun, 11 Sep 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[FASB Proposes Changes for 2012 XBRL Taxonomy]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/fasb-proposes-changes-for-2012-xbrl.aspx</link>
		<description><![CDATA[The FASB recently proposed for comment its 2012 U.S. GAAP Financial Reporting Taxonomy, which includes recently issued accounting standards and other recommended improvements to the XBRL taxonomy. The comment period ends Oct. 31. The 2012 U.S. GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2012. ]]></description>
		<pubDate>Sun, 11 Sep 2011 23:00:00 GMT</pubDate>  		
	</item>

	<item>
		<title><![CDATA[AICPA Financial Reporting Executive Committee (FinREC) Meeting - July 19-20, 2011 | KPMG | US]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/aicpa-fin-report-exec-committee-meeting-july-19202011.aspx</link>
		<description><![CDATA[The AICPA's Financial Reporting Executive Committee (FinREC) met on July 19-20, 2011 and discussed: Certain accounting issues in connection with the projects to update three AICPA Audit and Accounting Guides; Certain accounting issues in connection with the planned issuance of the AICPA Issues Paper; Key points for consideration in the AICPA's comment letter about the SEC staff paper.]]></description>
		<pubDate>Sun, 14 Aug 2011 23:00:00 GMT</pubDate>  		
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	<item>
		<title><![CDATA[SEC Continues to Implement Provisions of Dodd-Frank Act]]></title>
		<link>http://www.kpmginstitutes.com/financial-reporting-network/insights/active/sec-continues-to-implement-provisions-dodd--frank-act.aspx</link>
		<description><![CDATA[In connection with implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC recently adopted new rules for companies that are seeking to use short form registration when registering securities for public sale. Companies that qualify to use Forms S-3 and F-3 (the short forms) can offer securities on an expedited basis.
]]></description>
		<pubDate>Sun, 31 Jul 2011 23:00:00 GMT</pubDate>  		
	</item>


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