Inside this issue
Flashline: A weekly update on financial reporting - August 28, 2014
This week's topics include:
- In brief: PCAOB seeks comments on auditing accounting estimates and fair value measurements
- FASB issues final guidance to improve financial reporting of going concern uncertainties
- FASB meetings and project updates
- IFRS Foundation issues proposed Interim Release 2 to the IFRS Taxonomy 2014
- IASB announces transition resource group for impairment of financial instrument
- IFRS for SMEs Update - July/August 2014
- PCAOB seeks comments on auditing accounting estimates and fair value measurements
- SEC adopts asset-backed securities reform rules
- AICPA issues exposure draft on proposed changes to performing and reporting on peer reviews
- Appendix: Key dates in September
In brief: FASB introduces going concern assessment and disclosure requirements
The FASB issued a new standard that will explicitly require management to assess an entity's ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances.
In brief: PCAOB staff seeks comment on auditing estimates and fair value
The PCAOB staff is evaluating whether it can improve auditing standards for estimates and fair value.
Mergers & acquisitions
Corporate finance under fire: How can boards and management seek refuge?
Corporate finance decisions involving mergers and acquisitions and capital markets have come under increasing scrutiny. Boards of directors and management are looking for objective guidance to help them avoid the ire of shareholders, activist investors, and regulators regarding corporate finance decisions. What qualities should boards and management look for when seeking independent corporate finance advice?
Retail & consumer
Retail & Consumer Insights: 2014 Financial Benchmarking
What impact did the economy have on the financial results of retailers and consumer packaged goods companies? This report from PwC's Retail and Consumer Insights series provides financial benchmarks and discusses company strategies on operational efficiency, human capital, health and wellness, innovation, and brand management.
Webcast: On the horizon at the FASB - September 11
PwC's National Professional Services Group invites you to attend the On the horizon at the FASB webcast on Thursday, September 11 at 1:00pm. This 90 minute webcast will provide an update on the FASB's current agenda and take a look at where some of the major FASB projects stand.
Webcast: Corporate divestitures - September 15
Join us for part 3 of PwC's National Professional Services Group's Accessing the capital markets webcast series featuring Beth Paul, U.S. Strategic Thought Leader, Ravi Rao, National Office SEC Services Partner, and Neil Dhar, National Capital Markets Leader. The panel will focus on carve-out transactions and will discuss trends in the divestiture market as well as how to manage the divestiture process. The panel will also outline key issues and accounting considerations, explore SEC reporting requirements, and provide key takeaways for participants.
Webcast: Q3 Current Accounting and Reporting Developments - September 17
PwC's National Professional Services Group's 'Current accounting and reporting developments' webcast series is designed to keep you informed about emerging accounting, regulatory, and market developments impacting financial reporting. Join us on Wednesday, September 17 for our 90 minute webcast.
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