Noble Group Ltd. denied inflating the balance-sheet value of contracts as Asia’s biggest commodities trading house published a rebuttal against allegations by Iceberg Research, an anonymous group that’s questioned the company’s accounting methods. Noble’s shares rose.

The Financial Accounting Standards Board has voted to issue a proposed accounting standards update to improve the financial statements for not-for-profit organizations and ask for public comments.

The Governmental Accounting Standards Board has released finalized guidance on accounting and financial reporting issues related to fair value measurements, primarily applying to investments made by state and local governments.

The Financial Accounting Foundation’s board of trustees is reaching out for comments on how well the Private Company Council has been performing.

Stavros Thomadakis became chair of the International Ethics Standards Board for Accountants in January, leading a board under the auspices of the International Federation of Accountants that oversees a global ethics code for the accounting profession.

The American Institute of CPAs is expressing support for a proposed accounting standards update that would require investment companies that act as “feeder funds” for other investment companies to provide better disclosures of those investments on their financial statements.

The post credit crisis regulatory focus on forward-looking techniques and loan behavior models has been burdensome for some banks.