A tailored service and a consistent methodologyAround the world, the journey to success is governed by increasingly complex and broadening regulatory requirements and stakeholder demands. | SEC moves forward on IFRS consideration The US Securities and Exchange Commission (SEC) voted unanimously to publish a statement reaffirming its longstanding commitment to the goal of a single set of high-quality global accounting standards and expressing its continued support for the convergence of US GAAP and IFRS. Meeting today's financial challenges A number of transformational events and trends are reshaping the global business landscape. Financial challenges currently facing companies around the world must be addressed by management, the audit committee and an external auditor. Assess your most critical business issues and identify the best way to respond to those challenges. New financial accounting and reporting webcast series debuts On Friday, March 12, our panelists will review highlights of this quarter’s technical accounting, tax and regulatory developments that have financial accounting and reporting implications. They will also share insights that can help you proactively address the possible effects on your business. Register today for the first in a series of live quarterly Thought Center Webcasts.Deferral of Statement 167 At the 27 January 2010 meeting the FASB members discussed several constituent issues regarding the proposed ASU to amend the effective date of FASB Statement 167 for certain entities. Our Hot Topic (pdf, 384kb) provides a brief description of the more significant issues addressed at this meeting. FASB/IASB joint projects status The FASB and the IASB have been working closely together since 2002, when the two standard-setters entered into the Norwalk Agreement that formalized their commitment to convergence. The number of matters on the Boards’ agenda is unprecedented. Our Hot Topic (pdf, 552kb) provides a summary of the status of and timetable for each project. Overview of SEC activities Our periodic newsletter SEC in Focus (pdf, 779kb) summarizes current activities and regulatory developments at the SEC. The newsletter provides an update on activities and events relating to SEC matters over the last several months. SEC reporting series We have issued our 2009 annual reports publication (pdf, 2.9mb) which may be used as a reference tool when preparing annual reports on Form 10-K, as well as annual shareholders' reports, and our 2010 proxy statements publication (pdf, 1.3mb) which may be used as a reference tool when preparing the annual meeting proxy statement. 2009 Standard Setter Update Our 2009 Standard Setter Update (pdf, 4.6mb) highlights significant developments in financial accounting and reporting, as well as summaries of certain proposals presently under consideration by the FASB, the SEC, the AICPA, the EITF, the PCAOB and the GASB. The publication also includes a table of effective dates for certain recent guidance issued by each of these standard setters. |
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Contacts Contact Ernst & Young about Assurance services through our local offices. AccountingLinkSee AccountingLink for all US accounting and auditing news and updates. First time users will be prompted to complete a brief registration. Audit CommitteesStay abreast of audit committees issues as they evolve. GAAITAvailable to clients, GAAIT is your online reference for accounting and auditing standards and Ernst & Young interpretive guidance. IFRS Learn how Ernst & Young can help with IFRS adoption. XBRL Find out how Extensible Business Reporting Language (XBRL), can improve the financial reporting process.
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