(c) 2000-2012 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. en-us Tue, 10 Jun 2003 04:00:00 GMT Sun, 19 May 2013 06:42:22 EDT http://www.pwc.com/ http://www.pwc.com//en_GX/webadmin/assets/image/pwclogo.gif http://cyber.law.harvard.edu/rss/rss.html PricewaterhouseCoopers WCPS PwC's weekly update on financial reporting. This week's topics include: Inaugural edition of "Private company reporter — A PCC meeting synopsis"... Dataline: Cumulative translation adjustment — A compromise to achieve consistency... Register for PwC's Leasing Webcast Series — May 29 & June 11... and more.

]]> The software industry is in the midst of significant change. Cloud, software-as-a-service (SaaS), mobile devices, and consumerization of IT, are changing how software vendors develop, market, sell, distribute and support their products. This report ranks leading software companies from key markets around the world, and shares insights into where the industry is going from executives from Adobe, BMC Software, CollabNet, Jive Software, NetSuite, Red Hat, SAP, SAS, Splunk, and TSIA.

]]> This edition includes: Flashline, Cumulative translation adjustment, Register for leasing webcasts May 29 and June 11, and more

]]> On March 5, 2013 the FASB issued ASU No. 2013-05, which amends ASC 830, Foreign Currency Matters, and ASC 810, Consolidation,to address diversity in practice related to the release of cumulative translation adjustments ("CTA") into earnings upon the occurrence of certain derecognition events. This Dataline provides an overview of the ASU.

]]> The FASB and IASB issued a revised exposure draft on leases on May 16, 2013 with a comment period ending September 13, 2013. Almost all entities will be impacted. This In brief article provides an overview of the revised proposal.

]]> At its May meeting, the PCC approved alternatives in the areas of business combinations and interest rate swaps which are now subject to endorsement by the FASB.

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]]> Members of PwC's Washington National Tax practice will lead an hour-long webcast that includes a discussion of common M&A transactions and the potential accounting method considerations that may result.

]]> IT organizations that are serious about leveraging the cloud to deliver IT services should build robust management capabilities, which are critical to success in a cloud delivery model.

]]> The Aerospace and Defense industry reported its third consecutive year of record revenue and profit in 2012, on strong commercial aviation market that offset weaker defense industry performance.

]]> This timeline of US financial regulatory reform summarizes final rules and notices of proposed rules for major regulatory topics including Derivatives, Basel III, Volcker, and more.

]]> PwC recently convened several roundtables of employers in New York, Chicago, and Atlanta to discuss health coverage at this pivotal moment. This thought leadership article highlights the conversations and results of the related survey.

]]> PwC supports the FASB’s proposed comprehensive framework for classifying financial instruments, which is not dependent on legal form. We agree that the primary drivers for how financial assets are classified and measured should be a company's business model for managing its financial assets, as well as the cash flow characteristics of the instruments. The accounting model should faithfully portray the economic consequences of transactions in the context of a company's business strategies and the nature of those financial instruments.

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]]> Please join us for a webcast featuring Jay Crowley from FDA and Jeffrey Secunda from AdvaMed as featured speakers. During this webcast, Jay and Jeffrey will provide their perspectives on the future of UDI in the medical device industry.

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]]> PwC invites you to join a panel of our Tax Accounting Services (TAS) and Washington National Tax Services (WNTS) specialists for a dialogue around the tax and accounting considerations related to global incentives for research and technology investments.

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]]> Almost three years have passed since the IASB and FASB (the "Boards") issued their initial proposal. After extensive outreach and re-deliberation, the Boards will be issuing a new proposal. This webcast will discuss an overview of the proposed guidance and the nuances that might lead to unexpected financial results.

]]> On May 14, 2013, COSO published an updated Internal Control-Integrated Framework and related illustrative documents. This Dataline highlights noteworthy updates to the Framework, summarizes the purpose of the illustrative documents, and highlights key considerations for clients.

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]]> Addressing the proposed changes to lease accounting will be a challenge for most companies. This webcast will discuss how management can prepare for the changes in a measured way and some of the actions that companies are taking now to prepare.

]]> COSO has published a PwC-authored update to its framework, the first in over 20 years, which gives you an opportunity to refresh your controls for today's environment.

]]> When conducting cross border deals, it is important to Identify potential financial reporting differences to maximize deal value and for understanding how financial reporting and regulatory requirements interact. Embedding GAAP changes and managing multi-GAAP reporting post-acquisition requires planning.

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]]> Join us for a discussion on the 2012 Securities Litigation Study. During the webcast, we will explore new directions in litigation, enforcement, and regulation. 

]]> The IRS recently issued Rev. Proc. 2013-24, which provides safe harbor definitions of units of property and major components that taxpayers may use in determining whether expenditures to maintain, replace, or improve steam or electric power generation property must be capitalized under Section 263(a).  

]]> This edition includes: Flashline, FASB proposes amendments to Codification glossary terms, 10Minutes on conflict minerals, and more

]]> The House Ways and Means Committee May 8 held a meeting covering the work of certain of its 11 bipartisan working groups on tax reform.

]]> 10Minutes on conflict minerals provides insight into the strategic benefits and risks companies will want to focus on as they comply with the SEC's conflict minerals rule. The rule is effective for 2013 calendar year operations, so regardless of whether companies view conflict minerals as a supply chain opportunity, risk to their brand or another regulatory to-do, they should act now to prepare.

]]> The PCAOB reproposed a related parties auditing standard and amendments on significant unusual transactions and financial relationships with executive officers. This In brief article provides an overview of the key aspects of the reproposal.

]]> PwC's weekly update on financial reporting. This week's topics include: 10Minutes on conflict minerals... Point of view: Consolidation—A single model would enhance information reported to investors... FASB proposes amendments to Codification glossary terms... and more.

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]]> Please join PwC's International Assignment Services practice for an engaging conversation on global compensation management.

]]> On May 6, 2013, the FASB released an exposure draft proposing technical corrections and improvements to the FASB Accounting Standards Codification (the Codification). The proposal is part of the FASB's ongoing project to improve the Codification. This set of proposed changes is focused on improving the Codification’s master glossary. The proposed amendments are not intended to change U.S. GAAP. Instead, they are aimed at making the glossary easier to understand and reducing the number of glossary terms. This In brief article provides an overview of the proposal.

]]> LB&I recently issued a memorandum for all staff regarding the treatment of eligible milestone payments paid or incurred in the course of certain transactions.

]]> This Point of view highlights that a single definition of control leading to one consolidation model in the U.S. would benefit all stakeholders.

]]> PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) integrated reporting - IIRC publishes consultation draft, (2) levies - IC to issue interpretation on accounting for levies, (3) insurers face change - update on the insurance contract, (4) recent activity at the IASB on ED on interim standard for regulatory deferral accounts, new Chairman of FASB, EU endorsement of amendments to IFRS 10, 11 and 12, and (5) know your IFRS 'ABC': ‘F’ for fair value.

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]]> Hosted by PwC's National Professional Services Group, these quarterly webcasts are designed to keep you informed about emerging accounting, regulatory, and market developments impacting financial reporting. Please join us on Wednesday, June 19 at 1:00pm ET for this 90 minute webcast featuring insights from a broad range of PwC specialists who will update you on current technical topics and emerging issues that may impact your business.

]]> JCT staff today issued a 568-page report on "Present Law and Suggestions for Reform Submitted to the Tax Reform Working Groups."

]]> The new French legislation to encourage investment and create jobs will impact financial statement accounting.

]]> This edition includes: Flashline, How FASB's financial instruments proposals would affect not-for-profit organizations, Risk in Review, and more

]]> Deal activity in the metals sector declined in first quarter of 2013, with transaction volumes at their lowest since the first quarter of 2009. While Metals industry M&A activity is projected to be flat over the near term, US plans for infrastructure investment may increase the demand for iron, steel, and aluminum in the United States.

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]]> As the economy recovers, metrics in PwC Saratoga's 2013/2014 US Human Capital Effectiveness Report reflect improvement and foreshadow struggles. There are signs of increasing workforce productivity and associated investments in HR and labor. Yet this recovery also puts pressure on voluntary separation rates, and the turnover rate has risen, to a level beyond what PwC Saratoga's models had predicted two years ago.

]]> On April 30, 2013, the FASB issued a proposal that would indefinitely defer for nonpublic employee benefit plans certain quantitative fair value disclosures for investments in their plan sponsors' nonpublic entity equity securities. Comments on the FASB's exposure draft are due May 31, 2013. This In brief article provides an overview the FASB's proposal.

]]> PwC's weekly update on financial reporting. This week's topics include: Dataline: A summary of the IASB proposal on impairment of financial assets... FAF names Russell Golden next FASB chairman... FASB finalizes guidance for applying liquidation basis of accounting... and more.

]]> While the first quarter of 2013 saw technology M&A drop precipitously, the foundation is being laid for more robust deal activity this year as political and economic uncertainties subside. Software M&A was the sole bright spot in the industry for the first quarter driven by companies across industries investing in software-driven functionality and automation in products and services.

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]]> Watch this one-hour webcast for a discussion on how the proposed regulations issued on compensation deduction limitation will impact health insurance providers.

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]]> Please join PwC for a discussion regarding the recently issued proposed guidance affecting every tax-exempt hospital organization. This webcast will also review hospital facility’s community health needs assessment (CHNA) requirements and reporting obligations and will feature a broad range of PwC specialists.

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]]> The next installment in PwC's Healthcare, Higher Education and Not-for-Profit quarterly webcast series provides updates on the various standard setting activities that have occurred since our January webcast. As always, the focus is on how those activities will affect not-for-profit organizations, with an emphasis on healthcare and higher education institutions.

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]]> FATCA’s application to financial institutions is immediately evident and has prompted the industry to action as it prepares to be compliant. Now is the time to evaluate how FATCA will apply to your company and what you need to do to prepare, because withholding is scheduled to begin as early as January 1, 2014.

]]> PwC's Experience Radar helps businesses find the often hidden sources of value that drive exceptional, differentiated customer experience. By helping Enterprise Software leaders rank their product and service features, Experience Radar locates opportunities to create value and thereby bolster top-line growth and bottom-line results.

]]> Companies are reconsidering their risk thinking and approaches, but they’re also transforming to align with changing market imperatives—and in the process, exposing themselves to multi-directional risks.

]]> The latest piece in the Digital IQ Snapshot series explores why business leaders need to pay attention to current trends in emerging technologies, such as the consumerization of technology, “bring your own device” (BYOD), and the growing pressure to enable instant contact, collaboration and feedback with stakeholders. Organizations that are not paying attention may soon lag competitors in efficiency and profitability.

]]> This FS Regulatory Brief (a) analyzes the guidance’s key points, and (b) offers our view that further written regulatory detail is unlikely to be provided in the near term because of the guidance’s link to the Too Big To Fail debate in Washington and because of lack of agreement between the regulators.

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]]> Although the economy has shown signs of improvement, a significant amount of stress, uncertainty and volatility still exist in the marketplace, both domestically and globally. In the power sector, this uncertainty and volatility is heightened, with key factors, including supply/demand, natural gas, and environmental regulation, shaping the sector landscape. An understanding of the impacts of these key factors is paramount to navigating complexity, addressing distress and uncovering opportunities in the current marketplace.

]]> Responding to concerns regarding the poor funding levels of many defined benefit multiemployer pension plans, as well as the lack of information on these plans in financial filings, the Financial Accounting Standards Board (FASB) issued a final standard significantly revising the disclosure requirements for participating employers.

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