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Financial Reporting and Regulatory Update for the Quarter ended June 30, 2010: Highlights for Private Companies


Financial Executives Research Foundation (FERF) has prepared the following summary of proposed and final actions by the following U.S. and international standards-setting and regulatory bodies: • Financial Accounting Standards Board (FASB), • Financial Accounting Foundation (FAF), • Emerging Issues Task Force (EITF), • International Accounting Standards Board (IASB), • American Institute of Certified Public Accountants (AICPA), • Department of the Treasury (Treasury), • Internal Revenue Service (IRS), • eXtensible Business Reporting Language (XBRL) and • Committee of Sponsoring Organizations of the Treadway Commission (COSO). Actions for the period April 1, 2010 through June 30, 2010 are included

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