11/18/08 -- FASB Plans to Discuss Measurement of Lease Obligations The FASB plans to discuss its projects on lease accounting and financial instruments with characteristics of equity at its November 19, 2008, weekly meeting in Norwalk, CT. The Board will review the initial and subsequent measurement...

11/17/08 -- SEC to Consider Proposals on Rating Agencies and Fund Disclosures The SEC plans to have an open meeting on November 19, 2008, to consider two regulatory and administrative proposals. The proposals include rule amendments that would: Impose additional requirements on nationally recognized...

11/14/08 -- FASB Resolves Many Outstanding Issues on Guidance on Disclosures of Transferred Financial Assets The FASB Board discussed public comments on its project to require additional disclosures for off-balance-sheet transactions, giving its staff approval to draft the final version, when the Board...

11/13/08 -- IASB and FASB Announce Plans for Second and Third Global Financial Crisis Roundtables On November 6, 2008, the IASB and the FASB announced the dates for the remaining two public roundtable discussions to identify financial reporting issues highlighted by the global financial crisis. The second...

11/12/08 -- SLB No. 14D Clarifies Right to Reject Proposals on Corporate Charters The SEC?s division of corporation finance said there is ?some basis? for companies to omit shareholder proposals to amend a company?s charter under Rule 14a-8 of the Securities Exchange Act of 1934. In Staff Legal Bulletin...

11/11/08 -- Action Alert 08-45: FASB Will Discuss Disclosures for Transfers of Financial Assets At its weekly meeting on November 12, 2008, the FASB will redeliberate the proposed guidance on disclosures about transfers of financial assets and interests in variable interest entities. According to Action...

11/07/08 -- In Proposed FSP No. FIN 48-c, the FASB Seeks a Partial Delay for Compliance with FIN No. 48 The FASB issued Proposed FASB Staff Position (FSP) No. FIN 48-c, Effective Date of FASB Interpretation No. 48 for Certain Nonpublic Enterprises, on November 4, 2008. In the proposal, the FASB is seeking...

11/10/08 -- Financial Statement Users Suggest Changes to FASB?s Consolidation Rules A group of auditors, bankers, financial analysts and government officials met with the FASB Board at a special roundtable session on November 6, 2008, and discussed their views on proposed amendments to Exposure Draft...

11/06/08 -- SEC and FASB Say Warrants in Bailout Package May Be Treated as Equity The SEC and the FASB told the Treasury Department that warrants issued under the government?s plan to buy troubled assets from financial institutions may be treated as permanent equity under U.S. GAAP. The standard-setters...

11/05/08 -- Action Alert 08-44: Board Plans to Review Measurement of Assets and Liabilities Under Conceptual Framework At its weekly meeting on November 5, 2008, the FASB will continue its discussion of the methods for measuring different types of assets and liabilities in the conceptual framework. According...