• Defining Issues 10-37: New Law Creates Potential Financial Reporting Consequences Financial Reporting Network | Aug. 26, 2010 | Publications This edition of KPMG's Defining Issues reports that a new law that includes changes to international tax provisions could have significant financial reporting consequences for U.S. companies with foreign operations.

   

• Defining Issues: SEC Seeks Input on IFRS Work Plan Financial Reporting Network | Aug. 19, 2010 | Publications This edition reports on the request for public comments to the work plan to consider incorporating IFRS into the financial reporting system for U.S. public companies.

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• Defining Issues: FASB Extends Comment Period for Loss Contingency Disclosures Financial Reporting Network | Aug. 18, 2010 | Publications The FASB decided to extend the comment period to September 20, 2010 for its proposed guidance on loss contingency disclosures.

   

• Defining Issues: Proposed Changes to Lease Accounting Financial Reporting Network | Aug. 18, 2010 | Publications Defining Issues 10-34 summarizes the FASB's and IASB's recently issued joint Exposure Draft on accounting for leases that, if finalized as proposed, would significantly change how lessees and lessors account for and report leasing arrangements in their financial statements.

   

• SEC Staff updates Compliance and Disclosure Interpretations Financial Reporting Network | Aug. 16, 2010 | On August 11, the SEC staff updated its Compliance and Disclosure Interpretations (C&DIs) related to certain SEC sections, rules, and forms.

   

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