Accounting standards

Former Securities and Exchange Commission Chairman Arthur Levitt will chair a Governance Leadership Council formed by risk management service provider RiskMetrics.

Comparatively few universities will be educating students in international accounting standards this academic year, despite plans by the Securities and Exchange Commission to impose the new standards on U.S. companies.

The International Accounting Standards Committee Foundation has published a guide to the Extensible Business Reporting Language version of International Financial Reporting Standards.

For months, leaders in the accounting profession have been demanding that the Securities and Exchange Commission give them a "date certain" for the transition to International Financial Reporting Standards, and now they have it, though the date looks more than a little uncertain.

Corporate tax executives need to closely watch other countries' transition to International Financial Reporting Standards as it could affect their global tax planning, warns a report issued by Deloitte.

The Governmental Accounting Standards Board has proposed transferring guidance from the American Institute of CPAs' auditing literature into its own literature for state and local government accountants.

The American Institute of CPAs and other organizatons expressed their support for the Securities and Exchange Commission's proposed roadmap for moving to international accounting standards.

The Securities and Exchange Commission has approved a new rule and amendment to an existing rule from the Public Company Accounting Oversight Board related to ethics, independence and the provision of tax services.

The Securities and Exchange Commission proposed setting a roadmap for transitioning to International Financial Reporting Standards by 2014.

The Securities and Exchange Commission has scheduled a meeting for this Wednesday to discuss setting a roadmap for the transition to International Financial Reporting Standards.

Chinese accounting standards are converging with International Financial Reporting Standards, but there are still differences in practice, according to a new study by the Institute of Management Accountants.

The Public Company Accountability Oversight Board hailed a decision by an appeals court that upheld its constitutionality.

The New York State Society of CPAs plans to welcome a series of speakers from the Public Company Accounting Oversight Board to its September 10 conference on current developments under Sarbanes-Oxley.

The Financial Accounting Standards Board has added the topic of business combinations to its accounting standards codification, which aims to organize the thousands of U.S. accounting pronouncements issued by multiple standard-setters into a single authoritative source.

The Securities and Exchange Commission is soliciting comments on a new auditing standard for evaluating the consistency of financial statements.

SEC Chairman Christopher Cox hailed an appeals court decision that said the Public Company Accounting Oversight Board is constitutional.

Deloitte & Touche has signed a memorandum of understanding with Canadian accounting firm Scott Rankin & Gardner for a potential merger.

The Securities and Exchange Commission unveiled its next-generation system for online financial filings, IDEA, the successor to its EDGAR database.

A group representing financial executives has written to the Financial Accounting Standards Board asking to exempt private companies from the requirements of FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes."

The Securities and Exchange Commission said it would distribute millions of dollars to investors harmed by market-timing trading violations in mutual funds managed by Putnam Investment Management and Janus Capital Management.