Regulatory and standard setting developments - December 18, 2013

  • Print-friendly version
Regulatory and standard-setting developments 12/18/2013 by Assurance services
Regulatory and standard setting developments - December 18, 2013

At a glance

This document provides a summary of activities of the PCAOB, SEC, and FASB, and related international developments that are of interest to audit committees and companies.

This document provides a summary of the activities of the PCAOB, SEC, and FASB, and describes related international developments that are of interest to audit committees, companies, and their stakeholders.

It includes some of the relevant regulations, standards, and guidance that were recently issued or are on the horizon.

See table below for developments.

 

 

 

 

Developments since our September 2013 edition include:

 

SEC

PCAOB

FASB

International

Final approval of the Volcker Rule

Other Dodd-Frank and SEC disclosure updates

Mark Kronforst was named Chief Accountant of the Division of Corporation Finance

Proposed standard on the Auditor's Report and Other Information included in documents Containing Audited Financial Statements and the Related Auditor’s Report

Proposed standard on auditor transparency

Update on the status of FASB/IASB priority convergence projects (Revenue, Leases, Financial Instruments, Insurance Contracts)

Update on the Private Company Council standard setting initiatives

Update on EU Audit Reform focusing on mandatory firm rotation

Update on UK Competition Commission’s conclusions on retendering