FASB Proposes Update to Accounting for Credit Losses
The FASB on December 20, 2012, issued for comment a proposed Financial Accounting Standards update, “Financial Instruments – Credit Losses.” While the proposed update will apply to expected credit...
View ArticleFASB Proposes Another Accounting Standards Update – Accounting For Repurchase...
Almost three years have lapsed since the bankruptcy examiner for the ill-fated Lehman Brothers concluded that Lehman Brothers had masked billions of dollars in debt on its financial statements, and...
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Cybersecurity and Information Technology — The Need for Directors to Gain IT...
By larryhallff The PricewaterhouseCoopers Center for Board Governance (“PWC”) recently published a how-to guide for overcoming the “IT confidence gap” among public company directors. The guide...
View ArticleCybersecurity in the EU: New Compliance Requirements in the Spotlight
On February 7, 2013 the European Commission published its long awaited cyber security package, consisting of the Cybersecurity Strategy for the EU and the proposal for a Directive on Network and...
View ArticleDebate on Packaged Retail Investment Products Regulation’s Scope of...
On July 3, 2012, the European Commission published a proposal for a Regulation of the European Parliament and the European Council on key information documents for investment products. The proposed...
View ArticleAuditor Independence – Auditor Rotation Gains Speed
Following the PCAOB’s controversial auditor independence and mandatory auditor rotation Concept Release from August 2011, the PCAOB continues to consider various methods to enhance auditor...
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FASB Proposes New Rules on Lease Accounting
After a lengthy comment period, FASB has finally issued an updated exposure draft on new lease accounting requirements, with comments due on the exposure draft by September 13, 2013 (electronic...
View ArticleFASB Raises a Red Flag–Going Concern Disclosures
In late June 2013, the Financial Accounting Standards Board (FASB) proposed for comment an update to accounting standards involving disclosure of uncertainties about an entity’s going concern, more...
View ArticleAuditor Independence and Objectivity – A Continuing Story
In several prior posts, we have followed the continuing developments and activity, from the PCAOB “Concept Release” in August of 2011, comments and round table discussions, and similar actions taken in...
View ArticleOpinion of the European Data Protection Supervisor — Bridging EU Data...
On March 26, the European Data Protection Supervisor (“the Supervisor”) issued a preliminary opinion (“the opinion”) on the interplay between data protection, competition law and consumer protection in...
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