During the third quarter of 2006, accounting standard setters and accounting regulators issued a number of pronouncements (e.g., FASB Staff Positions, EITF consensuses, PCAOB rules, etc.) affecting accounting, financial reporting, and corporate governance.

Accounting Roundup: 3rd Quarter in Review — 2006 presents brief descriptions of these pronouncements and outlines certain other third-quarter regulatory and professional developments. The articles in this Review derive from issues of the Accounting Roundup newsletters published in the third quarter of 2006, with updates added where appropriate.