Regulatory actions and programs

Public companies in Argentina will be required to adopt International Financial Reporting Standards starting in 2012.

The Financial Accounting Standards Board has issued a proposed accounting standards update on its subsequent events standards, amending certain recognition and disclosure requirements to avoid a conflict with the SEC.

The American Institute of CPAs has published a set of technical practice aids to help auditors and preparers understand the accounting rules on determining the fair value of investments in entities that calculate a net asset value.

IMGCAP(1)]Silver bells and major snow storms aside, I am struggling to get into the holiday spirit.

President Obama urged a group of leaders of community banks to increase their lending to small businesses.

The International Auditing and Assurance Standards Board has released a new assurance standard on controls at service organizations such as international outsourcers.

The Senate voted to extend funding for Small Business Administration lending programs in the Recovery Act through February 2010.

The House passed two bills earlier this month with provisions related to the use of Extensible Business Reporting Language, or XBRL, the interactive data-tagging technology that the SEC has begun requiring large public companies to use when filing their financial statements.

A group of 13 senators has written to the Appropriations Committee requesting funds to extend Small Business Administration Recovery Act lending programs.

The American Institute of CPAs and the Financial Accounting Foundation, which oversees the Financial Accounting Standards Board, are setting up a “blue-ribbon panel” to discuss how U.S. accounting standards can best meet the needs of users of private company financial statements.

Nearly three-quarters of finance professionals believe their company could be more efficient in the implementation of Section 404(b) of the Sarbanes-Oxley Act dealing with the outside audit of internal controls, according to a new survey.

Revenue recognition fraud seems to be on the wane, according to a report by the Deloitte Forensic Center.

Leaders of the Senate Committee on Small Business and Entrepreneurship have introduced legislation to provide more capital for small businesses by expanding SBA lending limits.

The Private Company Financial Reporting Committee met recently to discuss the impact of recent changes in accounting standards on private companies, including some confusion in the Financial Accounting Standards Board's new Codification updates.

Brussels - If you want to know how financial regulation legislation and accountancy reforms are shaping up in the EU, you need to glance back to the start of the century.

To: Commissioners Schapiro, Aguilar, Casey, Paredes and Walter; Chief Accountant Kroeker

The U.S. accounting professionslowed down its preparation for adoption of international accounting standards over the last six months, according to a survey conducted by the American Institute of CPAs.

Japan’s Financial Services Authority has decided to permit voluntary domestic use of International Financial Reporting Standards, putting added pressure on the U.S. to follow suit.

The American Institute of CPAs joined with over a dozen other accounting organizations around the world to call for a single standard for climate change reporting.

James Leisenring, a member of the International Accounting Standards Board, told attendees at an accounting conference in New York to disregard the board’s recently issued standard for recognizing and measuring financial instruments, acknowledging that political pressures had forced the board to publish the standard.