Wednesday, February 8, 2012

FASB Drafting Guidance on Repos in Response to Lehman Case

NORWALK, Conn.—The Financial Accounting Standards Board aims to issue draft guidance by Nov. 1 that would…

SEC Proposes Rule Changes to Require More Disclosures About Short-Term Loans

The Securities and Exchange Commission Sept. 17 unanimously voted to propose rules to require public companies to disclose more information about…

FASB Decides Planned Changes to Hedge Accounting in Financial Instruments Project

The Financial Accounting Standards Board plans to unveil a comprehensive proposal by March 31 making marked changes to long-standing hedge accounting…

SEC Supports, but Delays, Move to International Accounting Standards

The Securities and Exchange Commission Feb. 24 voted unanimously to issue a statement making clear its commitment to a single set of globally accepted…