Financial Executive's editors distill some key facts from speakers at the two-day CFRI conference in NYC.
FEI Current Financial Reporting Issues Conference, Hall of Fame Summary
The SEC announced the panelists and agendas for its Nov. 20 Government-Business Forum on Small Business Capital Formation and its Nov. 21 Roundtable on Mark-to-Market Accounting.
Panelists Announced For SEC Forum On Small Business, Roundtable On Mark-To-Market
Following are highlights from FASB's Nov. 19, 2008 board meeting at which FASB discussed its leasing project, a joint project being conducted with the IASB.
Highlights Of FASB Board Meeting On Leasing
The Declaration issued at the conclusion of the Nov. 15, 2008 “G-20 Summit on Financial Markets and the Economy” laid out specific actions to be taken by finance ministers, regulators, accounting standard–setters, and others – some of which are to be accomplished by March 31, 2009. The G-20 agreed its next economic summit will take place by April 30, 2009.
G-20 Recommends Specific Actions To Address Credit Crisis
On Nov. 14, 2008 the SEC released its proposed IFRS Roadmap. There will be a 90-day comment period.
SEC Releases Proposed IFRS Roadmap For 90-Day Comment Period
On Nov. 14, 2008, FEI’s Committee on Corporate Reporting (CCR) sent a comment letter to FASB on FASB's proposed amendments to FAS 140 and FIN 46R regarding transfers of assets and variable interest entities.
FEI Comments On Proposed Amendments To FAS 140, FIN 46(R)
In advance of a meeting of leaders of the Group of 20 countries taking part in a Summit on Financial Markets and the World Economy taking place Nov. 14-15, 2008 in Washington, D.C., the FAF and the IASCF wrote to President Bush and the G-20. Separtely, Hans Hoogervorst and Harvey Goldschmid were named to lead a n IASB-FASB global advisory group.
FAF, IASCF Write President Bush, G-20; Hoogervorst, Goldschmid Tapped For Advisory Group
The SEC is searching for qualified candidates for the Office of the Chief Accountant's Professional Accounting Fellow program for 2009-11
SEC Seeking Candidates For Chief Accountant's PAF Program, 2009-11
At its Nov. 12, 2008 board meeting, FASB voted to make the new disclosure requirements relating to transfers of financial assets and interests in variable interest entities effective for fiscal periods ending after Dec. 15, 2008, with earlier application encouraged.
FASB Votes To Make New Securitization Disclosures Effective This Year
PwC and World Bank, IFC found that tax authorities worldwide are overhauling tax systems.
21st Century Economies Benefit From Simpler Tax Systems, Finds New Report