What's new on CFOdirect

• SEC’s Take on Cross-Border Derivatives Rules – Catalyst for global moderation or unwelcome complication?
  

  5/23/13 | Financial services regulatory practice

  This FS Regulatory Brief focuses on (a) the broad principles underlying the SEC and CFTC releases, with a focus on the obligations of dealers; (b) the primary discrepancies between the two regulators' approaches to cross-border transactions and substituted compliance; (c) whether (and the extent to which) the SEC proposal may shape final CFTC cross-border rules and guidance or simply complicate the picture; and (d) operational implications of the dueling proposals and what institutions should be doing now.

• Assessing tax: 2013 tax rate benchmarking study for industrial products and automotive sectors
  

  5/23/13 | Industrial products

  Average global effective tax rate increases two percentage points in three years for industrial products and automotive sectors. The steady upward trend in average effective tax rates globally from 2010 (26.1 percent) to 2012 (28.3 percent) took place despite a reduction in statutory rates of corporate income tax around the world.

• Accounting guides

  Global Guide to Accounting for Business Combinations and Noncontrolling Interests - 2013 edition
  

  5/23/13 | Assurance services

  This PwC guide explains the fundamental principles of accounting and reporting for business combinations and noncontrolling interests under both U.S. GAAP and IFRS. This guide also includes our perspectives on the application of those principles, as well as our insights on the challenges of accounting for intangible assets and goodwill in the postacquisition period.

• Webcast

  Insurance Contracts Webcast – June 12, 2013
  

  5/23/13 | Insurance

  Join PwC's Insurance Contracts webcast which will focus on the current views of the FASB and IASB on key components of the project.

• In brief

  In brief: FASB will issue an exposure draft of an insurance contracts standard (No. 2013-27)
  

  5/23/13 | Assurance services

  FASB voted on May 23, 2013 to issue an exposure draft on insurance contracts that could fundamentally change earnings and revenue patterns for insurers and some banks.

• Webcast

  GRC Target Operating Model: The 9 key principles to support a successful Governance, Risk and Compliance program webcast – June 11, 2013
  

  5/23/13 | Risk Assurance

  Whether you are just starting out on your GRC journey, or are years in, let us help you make sure you have thought about the long term sustainability and optimization of your people, processes, technology and more.

• May the distribution forces be with you: Developing the right P&C insurance distribution strategies for international markets
  

  5/23/13 | Financial Services Institute

  Distribution can offer insurers a more secure path to sustainable competitive differentiation because it directly strengthens customer relationships, improving the ability of insurers to both acquire and retain customers.

• Focus on Total Rewards - HR Innovation Spring 2013
  

  5/23/13 | Human resource services

  HR Innovation offers advanced thinking about the challenges that should be uppermost on the minds and agendas of organizations and their Human Resources (HR) leaders. In this issue of HR Innovation, we focus on Total Rewards, and delve into the challenges employers face of getting their employees' "total rewards" packages right.

• Top 10 mobility issues for Tax Directors to think about
  

  5/23/13 | International assignment services

  Human Resource (HR) departments are implementing global mobility programs designed to manage complex international relocations. However, the activities of individuals in foreign locations can create a variety of both individual and corporate level tax issues for the enterprise, depending upon the circumstances.

• MoneyTree^TM venture capital funding: Capital crunch
  

  5/22/13 | Pharmaceuticals & life science

  The life sciences share of total venture funding declined from 28% during the last quarter of 2012 to 23% during the first quarter of 2013. Biotechnology, raising $875 million in 96 deals during the first quarter, placed a distant second in dollars raised behind software, which drew $2.3 billion in 329 deals.

• Strategic Imperatives for Asset Managers
  

  5/21/13 | Asset management

  This paper presents a thematic introduction to the issues the asset management industry is facing, the key implications to asset managers, and the questions firms should be asking to best adapt their strategies and take advantage of these new and emerging industry demands.

• Final regulations on deemed asset sale elections offer taxpayers more flexibility
  

  5/21/13 | Washington national tax services (WNTS)

  The IRS published final regulations which permits taxpayers to elect to treat certain dispositions of a target corporation’s stock as a sale of the underlying assets of the target corporation.

• Conference

  AICPA National Advanced Accounting and Auditing Technical Symposium (NAAATS)
  

  5/21/13

  AICPA National Advanced Accounting and Auditing Technical Symposium (NAAATS) - July 11-12, 2013

• ACA proposed regulations on minimum value, premium tax credits help employers with health plan duties for 2014
  

  5/20/13 | Human resource services

  The IRS issued proposed regulations under the ACA that will help employers to determine, disclose and report whether their health plans provide ‘minimum value.’

• Pharmaceutical and Life Sciences Deals Insights Quarterly
  

  5/20/13 | Transaction services

  Merger and acquisition deal value in the pharmaceutical and life sciences sector increased in the first quarter of 2013 relative to the first quarter of 2012. The pharmaceutical segment recorded the largest gains in deal value during the quarter on the strength of several large transactions.

• Flashline

  Flashline - Week ending May 16, 2013 (No. 2013-20)
  

  5/17/13 | Assurance services

  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.

• CFOs on the Move: Week ending May 17, 2013
  

  5/17/13

  Stay current on the career moves of your fellow financial professionals in companies across the U.S.

• Global 100 software leaders
  

  5/16/13 | Technology

  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.

• What's new on CFOdirect - Week of May 16, 2013
  

  5/16/13

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

• Dataline

  Dataline: Cumulative translation adjustment – A compromise to achieve consistency (No. 2013-10)
  

  5/16/13 | Assurance services

  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.

• Webcast

  Accounting methods considerations for M&A transactions webcast – June 12, 2013
  

  5/16/13 | Washington national tax services (WNTS)

  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.

• Private company reporter

  Private company reporter (May 7, 2013 meeting)
  

  5/16/13 | Assurance services

  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.

• In brief

  In brief: FASB and IASB publish revised exposure draft on leases (No. 2013-26)
  

  5/16/13 | Assurance services

  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.

• Navigating cloud management
  

  5/15/13 | Advisory services

  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.

• Aerospace & Defense: 2012 year in review and 2013 forecast
  

  5/15/13 | Aerospace & defense

  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.

• US Financial Regulatory Reform: Key Dates
  

  5/15/13 | Financial services regulatory practice

  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.

• An HR perspective: Focusing on the future of healthcare benefits
  

  5/15/13 | Human resource services

  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 comment letter (FASB)

  PwC Comments on Proposed ASU: Financial Instruments—Overall (Subtopic 825-10)—Recognition and Measurement of Financial Assets and Financial Liabilities and the Proposed Amendments to the FASB Accounting Standards Codification
  

  5/15/13 | Assurance services

  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.

• DOL is considering requiring defined contribution plans to provide lifetime income illustrations on benefit statements
  

  5/14/13 | Human resource services

  The Department of Labor (DOL) issued advance notice of proposed rulemaking on new disclosure requirements on lifetime income illustrations on defined contribution plan benefit statements.

• 10Minutes

  10Minutes on why the COSO Update deserves your attention
  

  5/14/13 | Risk Assurance

  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.

• Webcast

  Leasing webcast: Overview of the Proposed Guidance – May 29, 2013
  

  5/14/13

  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.

• Webcast

  Leasing webcast: Impacts and Action Items – June 11, 2013
  

  5/14/13

  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.

• Webcast

  Navigating the tax and accounting considerations of the patent box and other global technology incentives – May 30, 2013
  

  5/14/13 | Tax accounting services

  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.

• Dataline

  Dataline: COSO issues the updated Internal Control-Integrated Framework and related illustrative documents (No. 2013-09)
  

  5/14/13 | Assurance services

  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.

• Webcast

  Why Unique Device Identification (UDI) and what lies ahead for the medtech industry? webcast – June 6, 2013
  

  5/14/13 | Pharmaceuticals & life science

  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.

• The importance of being financially bilingual
  

  5/13/13 | US Capital Markets and Accounting Advisory Services

  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.

• Webcast

  FASB Webcast: FASB Update for Nonpublic Entities
  

  5/13/13

  The FASB will host its next semiannual webcast on June 5, 2013, providing an update on the FASB’s standard-setting activities pertaining to private companies and not-for-profit (NFP) organizations.

• Webcast

  At the crossroads waiting for a sign - 2012 Securities Litigation Study webcast – May 22, 2013
  

  5/13/13

  Watch this discussion on the 2012 Securities Litigation Study. During the webcast, we explore new directions in litigation, enforcement, and regulation. 

• Guidance issued notice to employees on health insurance exchanges
  

  5/10/13 | Human resource services

  Beginning Jan 1, 2014, individuals will be eligible to buy health insurance through a new public health insurance market.

• IRS issues safe harbor ‘repairs’ guidance for electric generation
  

  5/10/13 | Washington national tax services (WNTS)

  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).  

• What's new on CFOdirect - Week of May 9, 2013
  

  5/9/13

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

• Numerous business tax reform proposals included in report to Ways and Means Committee
  

  5/9/13 | Washington national tax services (WNTS)

  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.

• In brief

  In brief: PCAOB reproposes related parties auditing standard and related amendments (No. 2013-25)
  

  5/9/13 | Assurance services

  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.

• 10Minutes

  10Minutes on conflict minerals
  

  5/9/13 | Assurance services

  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.

• Flashline

  Flashline - Week ending May 9, 2013 (No. 2013-19)
  

  5/9/13 | Assurance services

  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.

• Webcast

  Global Compensation Management: Oxymoron or Possibility? webcast – June 4, 2013
  

  5/7/13 | International assignment services

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

• IRS issues favorable guidance on certain transaction costs
  

  5/7/13 | Washington national tax services (WNTS)

  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.

• In brief

  In brief: FASB proposes amendments to Codification glossary terms (No. 2013-24)
  

  5/7/13 | Assurance services

  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.

• Point of view

  Point of view: Consolidation - A single model would enhance information reported to investors
  

  5/6/13 | Assurance services

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

• IFRS news

  IFRS news - May 2013
  

  5/6/13 | Assurance services

  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.

• Webcast

  Q2 2013 Current Accounting and Reporting Developments webcast - June 19, 2013
  

  5/6/13 | Assurance services

  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.

• Joint Tax Committee staff issues report on Ways and Means tax reform working groups
  

  5/6/13 | Washington national tax services (WNTS)

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

• Tax accounting insights

  Tax accounting implications of new French wage tax credit
  

  5/3/13 | Tax accounting services

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

• What's new on CFOdirect - Week of May 2, 2013
  

  5/2/13

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

• Forging ahead: First quarter 2013 metals industry mergers and acquisitions analysis
  

  5/2/13 | Metals

  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.

• Webcast

  Key Results from PwC Saratoga's 2013/2014 US Human Capital Effectiveness Report – May 30, 2013
  

  5/2/13 | PwC Saratoga

  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.

• In brief

  In brief: FASB proposes to defer quantitative disclosures for nonpublic employee benefit plans (No. 2013-23)
  

  5/2/13 | Assurance services

  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.

• Flashline

  Flashline - Week ending May 2, 2013 (No. 2013-18)
  

  5/2/13 | Assurance services

  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.

• US Technology M&A insights: Q1 2013
  

  5/1/13 | Transaction services

  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.

• Webcast

  Proposed Regulations issued on compensation deduction limitation, how does this impact health insurance providers? – May 16, 2013
  

  5/1/13 | Human resource services

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

• Webcast

  New CHNA Requirements and Trends in Community Benefit Reporting webcast – May 23, 2013
  

  4/30/13 | Healthcare

  Watch this PwC webcast for a discussion regarding the recently issued proposed guidance affecting every tax-exempt hospital organization. This webcast also reviews hospital facility’s community health needs assessment (CHNA) requirements and reporting obligations and features a broad range of PwC specialists.

• Webcast

  Hot topics and technical updates impacting accounting and financial reporting webcast – May 2, 2013
  

  4/30/13 | Healthcare

  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.

• Webcast

  The Foreign Account Tax Compliance Act (FATCA): Understanding its impact and the path forward for nonfinancial multinational businesses – May 9, 2013
  

  4/30/13 | Financial services

  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.

• Conference

  AICPA National Governmental Accounting and Auditing Update Conference (GAAC) West
  

  4/29/13

  AICPA National Governmental Accounting and Auditing Update Conference (GAAC) East - September 16-17, 2013.

• Conference

  AICPA National Governmental Accounting and Auditing Update Conference (GAAC) East
  

  4/29/13

  AICPA National Governmental Accounting and Auditing Update Conference (GAAC) East - August 12-13, 2013.

• Experience Radar 2013: Lessons from the U.S. Enterprise Software industry
  

  4/28/13 | Advisory services

  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.

• Risk in Review: Global risk in the transformation age
  

  4/28/13 | Risk Assurance

  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.

• Digital IQ Snapshot: In the midst of the mobile revolution
  

  4/28/13 | Advisory services

  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.

• Resolution Planning -- New guidance, more time, no specificity
  

  4/26/13 | Financial services regulatory practice

  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.

• Webcast

  Creating opportunities from distress in a challenging power sector webcast – May 23, 2013
  

  4/26/13 | Transaction services

  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.

• Dataline

  Dataline: How FASB's financial instruments proposals would affect not-for-profit organizations (No. 2013-08)
  

  4/26/13 | Assurance services

  In February 2013, the FASB issued a revised exposure draft of a proposed standard for the classification and measurement of financial instruments (the "C&M proposal"). A proposed impairment model for debt instruments was described in a separate exposure draft issued in December 2012 (the "impairment proposal"). This Dataline discusses how the classification, measurement, and impairment approaches described in those proposals might be applied by most not-for-profit organizations.

• FASB issued a final standard significantly revising the disclosure requirements for participating employers (HRS insight)
  

  4/26/13 | Human resource services

  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.

• What's new on CFOdirect - Week of April 25, 2013
  

  4/25/13

  This edition includes: Flashline, A summary of the IASB proposal on impairment of financial assets, Cybersecurity, Governance for Companies Going Public, and more

• Corporate Governance Series

  BoardroomDirect: Update on current board issues - April 2013
  

  4/25/13 | Center for Board Governance

  This issue of BoardroomDirect® addresses cybersecurity risk being a board priority, the SEC applying website guidance to company social media use, the US Chamber publishing proxy advisor principles, PwC‘s 2013 State of the Internal Audit Profession Survey, NYC attorneys asking NYSE to reconsider its audit committee risk rule, and COSO issuing an updated framework next month.

• Webcast

  AICPA Webcast: Sorting Through the FCPA – A Guide for Financial Professionals
  

  4/25/13

  AICPA Webcast: Sorting Through the FCPA – A Guide for Financial Professionals - May 2, 2013.

• Dataline

  Dataline: A summary of the IASB proposal on impairment of financial assets – Including a comparison to the IAS 39 model and the FASB’s credit loss proposal (No. 2013-07)
  

  4/25/13 | Assurance services

  In March 2013, the IASB an exposure draft (ED), Financial Instruments: Expected Credit Losses, that proposes an expected loss model to replace the current incurred loss model of IAS 39, Financial Instruments: Recognition and Measurement. In December, 2012, the FASB also released a proposal on impairment of financial assets. This Dataline looks at the IASB's proposal and compares it to the IAS 39 model and the FASB's proposal.

• Flashline

  Flashline - Week ending April 25, 2013 (No. 2013-17)
  

  4/25/13 | Assurance services

  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.

• Webcast

  AICPA Webcast: 2013 Not For Profit Entities: Current Year Audit Issues
  

  4/25/13

  AICPA Webcast: 2013 Not For Profit Entities: Current Year Audit Issues - May 1, 2013.

• Webcast

  AICPA Webcast: 2013 EBP Audit Briefing...Gearing Up for Busy Season
  

  4/25/13

  AICPA Webcast: 2013 EBP Audit Briefing...Gearing Up for Busy Season - May 3, 2013.

• Meeting

  FASB Meeting with the Private Company Council
  

  4/25/13

  Meeting of the Financial Accouting Standards Board (FASB) and the Private Company Council (PCC) on May 7, 2013.

• US retail & consumer deals insights: Q1 2013 update
  

  4/24/13 | Retail & consumer

  This quarter saw one the largest consumer products deals in history with the $23.5B Heinz deal along with five other multi-billion deals and several other significant transactions with alternative deal structures. Consumer confidence rebounded from the decline seen at the end of December driven primarily by improving household financial conditions related to positive trends in the housing and financial markets. We expect companies to continue to focus on expanding internationally, expanding capabilities across omnichannels and look for avenues to improve profitability through divestment of non-core operations.

• Corporate Governance Series

  Governance for Companies Going Public - What Works Best
  

  4/23/13 | Center for Board Governance

  This publication is a guide to help both directors and executives of companies planning an IPO think through the many governance decisions needed. It creates context for the IPO and the directors’ roles and covers building the board, understanding the myriad governance influences, providing proper protection for directors, and preparing for your first year as a public company.

• Corporate Governance Series

  Going Public? Five governance factors to focus on
  

  4/23/13 | Center for Board Governance

  This publication highlights five key governance considerations you’ll want to keep in mind as you contemplate a public offering.

• Meeting

  FASB Board Meeting
  

  4/23/13

  Meeting of the Board of the Financial Accounting Standards Board (FASB) on May 7, 2013.

• Conference

  Baruch College 12th Annual Financial Reporting Conference
  

  4/23/13

  The 12th Annual Financial Reporting Conference by Baruch College Zicklin School of Business - May 2, 2013

• Conference

  AICPA Employee Benefit Plans Conference
  

  4/23/13

  AICPA Employee Benefit Plans Conference - May 14-16, 2013.

• Meeting

  FASB Board Meeting
  

  4/23/13

  Meeting of the Board of the Financial Accounting Standards Board (FASB) on May 15, 2013.

• Meeting

  FASB Board Meeting
  

  4/23/13

  Meeting of the Board of the Financial Accounting Standards Board (FASB) on May 29, 2013.

• Conference

  AICPA Sustainability Workshop
  

  4/23/13

  AICPA Sustainability Workshop, May 2-3, 2013.

• Meeting

  FASB Board Meeting
  

  4/23/13

  Meeting of the Board of the Financial Accounting Standards Board (FASB) on May 1, 2013.

• Meeting

  IASB Board Meeting
  

  4/23/13

  Meeting of the board of the International Accounting Standards Board (IASB), May 20-24, 2013.

• In brief

  In brief: FASB finalizes guidance for applying liquidation basis of accounting (No. 2013-22)
  

  4/23/13 | Assurance services

  On April 22, the FASB issued Accounting Standards Update No. 2013-07, Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting. The new standard addresses when and how an entity should apply the liquidation basis of accounting. This In brief article provides an overview of the key provisions of the new standard.

• M&A snapshot

  We’re acquiring a company with significant in-process research and development (IPR&D) activities. What's next? (M&A snapshot)
  

  4/23/13 | Assurance services

  This edition of Mergers & acquisitions — a snapshot provides an overview of the accounting rules and a glimpse into some of the issues companies face in the accounting and valuation of acquired IPR&D.

• Meeting

  IFRS Interpretations Committee Meeting
  

  4/23/13

  Meeting of the IFRS Interpretations Committee of the International Accounting Standards Board (IASB), May 14-15, 2013.

• Meeting

  FASB Board Meeting
  

  4/23/13

  Meeting of the Board of the Financial Accounting Standards Board (FASB) on May 23, 2013.

• Meeting

  FASB/IASB Joint Meeting
  

  4/23/13

  Joint meeting of the boards of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) - May 24, 2013.

• Conference

  AICPA Employee Benefit Plan Audit Workshop
  

  4/23/13

  AICPA Employee Benefit Plan Audit Workshop, May 30-31, 2013.

• Eyes on the prize: Implementing fast, flexible policy administration systems in the P&C insurance sector
  

  4/23/13 | Financial Services Institute

  In this publication, we focus on the execution and investigation on how to operationalize these goals through the use of PwC’s Policy Administration Delivery Framework.

• Meeting

  IASB Education Session
  

  4/23/13

  The IASB will hold educational, non-decision-making sessions on May 16-17 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Conference

  XBRL US Detailed Tagging Workshop
  

  4/23/13

  AICPA XBRL US Detailed Tagging Workshop, May 23, 2013.

• 10Minutes

  10Minutes on harnessing customer demand to drive growth
  

  4/19/13 | Advisory services

  Consumer-packaged goods (CPG) companies, retailers, and their business partners often tout the ways they put customers at the center of their strategies. But while many companies do a good job of understanding their customers, perhaps not as many create demand by coordinating across marketing, sales, and innovation—functions and activities that now encompass the demand chain. This 10Minutes explores ways companies can capitalize on knowing their customer with demand functions pulling in the same direction.

• What's new on CFOdirect - Week of April 18, 2013
  

  4/18/13

  This edition includes: Flashline, Balance sheet offsetting – Questions and interpretive responses about the new disclosure requirements, and more

• 10Minutes

  10Minutes on investing in China's private healthcare system
  

  4/18/13 | Healthcare

  China recently introduced its 12th Five-Year Plan, which reinforces the government's commitment to easing ownership requirements. This 10Minutes discusses opportunities that private and foreign providers, payers, and investors can adopt to build a presence in China's growing healthcare market.

• Flashline

  Flashline - Week ending April 18, 2013 (No. 2013-16)
  

  4/18/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: PwC network firms comment on three IASB proposals... FASB exposes consequential amendments for classification and measurement of financial instruments... AICPA provides resources to help with regulator-prescribed auditor's reports... and more.

• In brief

  In brief: FASB and Private Company Council propose private company decision-making framework (No. 2013-21)
  

  4/17/13 | Assurance services

  On April 15, 2013, the Financial Accounting Standards Board (Board) and Private Company Council (Council) jointly issued an invitation to comment on a proposed private company decision-making framework (the "framework").

• Dataline

  Dataline: Balance sheet offsetting – Questions and interpretive responses about the new disclosure requirements (No. 2013-06)
  

  4/17/13 | Assurance services

  In January 2013, the FASB issued Accounting Standards Update No. 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (the "ASU") and a number of implementation questions have arisen as companies begin drafting the new disclosures. The questions and interpretive responses in this Dataline may be helpful as companies finalize their disclosures.

• Webcast

  Were you unable to attend the Q1 2013 Current Accounting and Reporting Developments webcast ? Watch our on-demand version (CPE eligible)
  

  4/16/13 | Assurance services

  Did you miss the Q1 2013 "Current Accounting & Reporting Developments" webcast on March 20? If so, you still have an opportunity to view the webcast and earn CPE credit. Find out how.

• Webcast

  PDP Live Webcast Series: Statutory Accounting Update – May 2, 2013
  

  4/16/13

  In this webcast, Jean Connolly summarizes the recent developments of the short and long-term projects of the NAIC with a focus on decisions reached at the 2013 NAIC Spring National Meeting (April 6 -9). The webcast also highlights the activities of some of the committees, task forces and working groups of the NAIC.

• Non-GAAP measures (Insights from the Investment Community)
  

  4/15/13 | PwC Investor Resource Institute

  Companies in the United States typically follow generally accepted accounting principles (GAAP) when preparing financial statements. A non-GAAP measure is defined as a measure that excludes (or includes) amounts that are included (or excluded) in the most directly comparable measure calculated in accordance with GAAP. Read why members of the investment community find non-GAAP measures useful.

• PwC comment letter (IASB)

  PwC Comments on Exposure Draft: Clarification of Acceptable Methods of Depreciation and Amortization
  

  4/15/13 | Global accounting consulting services

  PwC agrees with the principle of the proposed amendments although we are not convinced that the amendments are necessary.

• The audit (Insights from the Investment Community)
  

  4/15/13 | PwC Investor Resource Institute

  Accurate and reliable financial statements are essential to the effective functioning of the capital markets. To that end, auditors play an important role by executing independent and objective audits of the financial statements that are prepared by management.

• In brief

  In brief: FASB exposes consequential amendments for classification and measurement of financial instruments (No. 2013-20)
  

  4/12/13 | Assurance services

  On April 12, the FASB issued an exposure draft of consequential amendments to the Accounting Standards Codification (ASC) that would result from its financial instruments classification and measurement proposal.

• US IPO Watch Q1 2013: Late March Surge in IPO Activity
  

  4/11/13 | Transaction services

  A very active last two weeks of March helped close out a strong first quarter for U.S. IPOs. Total IPO proceeds raised in the U.S. in the first quarter of 2013 exceeded the first quarter of 2012, despite a decrease in the volume of IPOs, according to IPO Watch, a quarterly and annual survey of IPOs listed on U.S. stock exchanges by PwC US.

• Automotive M&A Insights: Driving Value — A review of mergers and acquisition activity in the global automotive industry.
  

  4/11/13 | Automotive

  Despite 2011’s recovery constraints and challenges, in the macroeconomic environment, there are still signs of growth in the automotive industry. Automotive mergers and acquisitions (M&A) activity in the first half of 2012 has given way to the macroeconomic pressures, resulting in a passive M&A activity for 2012 overall.

• Meeting

  PCAOB Forum on Auditing in the Small Business Environment
  

  4/11/13

  The PCAOB will host a forum on November 7, 2013, designed to share important information about PCAOB activities with registered public accounting firms that audit clients operating in the small business community.

• Scoring healthcare: Navigating customer experience ratings
  

  4/11/13 | Health Research Institute

  Healthcare companies have been gathering feedback from patients for years. Now, the accessibility of that feedback is influencing people’s healthcare decision making. Reporting requirements on ratings and reviews are prompting insurers and providers to look more comprehensively at the consumer experience.

• Flashline

  Flashline - Week ending April 11, 2013 (No. 2013-15)
  

  4/11/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: In brief: Lease accounting proposal expected by mid-May 2013; FASB members express alternative views... Mary Jo White sworn in as Chairman of the SEC... Next EDGAR release set to support 2013 US GAAP Taxonomy... and more

• 10Minutes

  10Minutes on the stark realities of cybersecurity
  

  4/11/13 | Advisory services

  This 10Minutes discusses why cybersecurity is more than an IT challenge—it’s a business imperative. New technologies, well-funded and determined adversaries, and interconnected business ecosystems have combined to increase your company’s exposure to cyberattacks. Critical digital assets are being targeted and the potential impact to your business has never been greater. In order to sufficiently protect the business, future cash flows, and shareholder value, your approach to cybersecurity must keep pace.

• Meeting

  PCAOB Forum on Auditing in the Small Business Environment
  

  4/11/13

  The PCAOB will host a forum on June 25, 2013, designed to share important information about PCAOB activities with registered public accounting firms that audit clients operating in the small business community.

• In brief

  In brief: Lease accounting proposal expected by mid-May 2013; alternative views expressed (No. 2013-19)
  

  4/11/13 | Assurance services

  The FASB met on April 10, 2013 to discuss the costs, benefits, and complexity associated with the proposed lease accounting rules. The FASB members expressed their individual points of view and voted 4 to 3 in favor of moving forward with the revised exposure draft. The FASB and IASB expect to issue a joint exposure draft in mid-May 2013. This In brief article provides an overview of the decisions reached at the FASB meeting.

• Meeting

  PCAOB Forum on Auditing in the Small Business Environment
  

  4/11/13

  The PCAOB will host a forum on December 5, 2013, designed to share important information about PCAOB activities with registered public accounting firms that audit clients operating in the small business community.

• Meeting

  PCAOB Forum on Auditing in the Small Business Environment
  

  4/11/13

  The PCAOB will host a forum on October 2, 2013, designed to share important information about PCAOB activities with registered public accounting firms that audit clients operating in the small business community.

• Meeting

  PCAOB Forum on Auditing in the Small Business Environment
  

  4/11/13

  The PCAOB will host a forum on July 18, 2013, designed to share important information about PCAOB activities with registered public accounting firms that audit clients operating in the small business community.

• Meeting

  PCAOB Forum on Auditing in the Small Business Environment
  

  4/11/13

  The PCAOB will host a forum on June 6, 2013, designed to share important information about PCAOB activities with registered public accounting firms that audit clients operating in the small business community.

• Obama Administration FY 2014 budget focuses on tax reform, deficit reduction, and new initiatives
  

  4/10/13 | Washington national tax services (WNTS)

  The President's budget asks Congress to "immediately begin the process of reforming the individual and business tax systems."

• Webcast

  How to enhance efficiency (and reduce compliance costs) in your ERP system webcast – April 18, 2013
  

  4/8/13 | Entertainment & media

  Tailored for finance, IT and compliance executives at EMC companies, this webcast explores how to better use the ERP systems common across your industry; reviews recent developments in ERP platform controls and compliance tools; and shares our perspective on the future of ERPs in the EMC industry.

• Webcast

  The Board's role in the oversight of strategic growth through capital projects and other significant transactions webcast – April 16, 2013
  

  4/8/13 | Center for Board Governance

  PwC's Center for Board Governance invites you to attend the next Center for Board Governance Quarterly Webcast Series, designed to help audit committee and board members more effectively meet the challenges of their critical roles.

• IFRS news

  IFRS news - April 2013
  

  4/8/13 | Assurance services

  PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) Impairment of financial instruments - IASB publishes exposure draft, (2) Discount rates and IAS 19 - IC debates the meaning of 'high quality' and 'deep market', (3) IFRS for SMEs - post implementation feedback, (4) recent activity at the IASB on IAS 19R employee contributions exposure draft, conceptual framework discussions, early adoption of revenue standard, request for information on rate regulation, IASB work plan update, ASAF membership; and (5) know your IFRS 'ABC': ‘E’ for equity accounting.

• Webcast

  FASB and IASB proposals on impairment of financial assets webcast – April 25, 2013
  

  4/8/13 | Assurance services

  The FASB and IASB both recently issued proposals on financial instruments impairment for public comment. On this PwC webcast, we provide an overview of the key elements of both proposals (including the FASB's FAQ) and compare and contrast them.

• IRS proposes regulations on compensation deduction limitation for health insurance providers
  

  4/5/13 | Human resource services

  The IRS has issued proposed regulations on the $500,000 compensation deduction limit for remuneration paid to employees, officers and directors of certain health insurance providers.

• Decoding key metrics in cross-border acquisitions (Observations from the front lines)
  

  4/4/13 | US Capital Markets and Accounting Advisory Services

  US companies seeking to acquire acquisition targets headquartered outside of the United States should understand the foreign target’s financial information, including the application of non-US GAAP and the target’s accounting policies, and identify where GAAP and policy are not aligned with the buyer’s basis of preparing its financial information.

• Flashline

  Flashline - Week ending April 4, 2013 (No. 2013-14)
  

  4/4/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: In brief: PCAOB proposes framework for reorganization of PCAOB auditing standards... PwC shares views on proposed amendments to repurchase agreement accounting model... PwC comments on tentative agenda decision on reissuing previously issued financial statements... and more

• In brief

  In brief: FASB issues exposure draft on reporting discontinued operations (No. 2013-18)
  

  4/4/13 | Assurance services

  On April 2, 2013, the FASB issued a proposal that changes the criteria for reporting discontinued operations. The proposal also enhances disclosure requirements for discontinued operations and adds new disclosures for individually material dispositions that do not qualify as discontinued operations.

• Conference

  AICPA 2013 Conference on Doing Business in Brazil
  

  4/4/13

  The AICPA's 2013 Conference on Doing Business in Brazil will be held on July 18-19, 2013, in Orlando, Florida.

• Technology Forecast - Internet of Things: Evolving transactions into relationships
  

  4/3/13 | Center for technology and innovation

  This issue of the Technology Forecast examines the impact of Internet of Things trends on businesses and the IT organization.

• Corporate Governance Series

  The quarter close - Directors edition: A look at this quarter's financial reporting issues - Q1 2013
  

  4/3/13 | Center for Board Governance

  This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues that impact board decisions and company policies.

• PwC comment letter (IASB)

  PwC Comments on Exposure Draft: Novation of Derivatives and Continuation of Hedge Accounting
  

  4/2/13 | Global accounting consulting services

  PwC supports the board’s efforts in clarifying whether an entity is required to discontinue hedge accounting when an over-the-counter (OTC) derivative is novated to a central counterparty (CCP) as required by law or regulation. We also appreciate the board’s responsiveness in addressing this urgent issue in a pragmatic way, as requiring entities to treat such novations as a discontinuance of hedge accounting would not provide useful information to investors.

• Taxpayers may continue to accelerate certain AMT credits
  

  4/2/13 | Washington national tax services (WNTS)

  Corporations or consolidated groups with alternative minimum tax (AMT) credits from pre-2006 tax years may continue to accelerate use of these credits instead of claiming Section 168(k) additional bonus depreciation for eligible qualified property.

• Medical device excise tax (updated March 28, 2013)
  

  3/29/13 | Pharmaceuticals & life science

  This edition of PwC's Pharmaceutical and Life Sciences Industry Alert reports that medical device manufacturers will need to begin accounting for this tax for all sales, other than tax free sales, beginning January 1, 2013 and will need to consider the impact of this tax on their 2013 results.

• PwC comment letter (FASB)

  PwC Comments on Proposed ASU: Transfers and Servicing (Topic 860): Effective Control for Transfers with Forward Agreements to Repurchase Assets and Accounting for Repurchase Financings
  

  3/29/13 | Assurance services

  PwC fully supports the Board’s continuing efforts to respond in a timely manner to stakeholder concerns over elements of the transfers of financial assets accounting model.

• In brief

  In brief: PCAOB proposes framework for reorganization of PCAOB auditing standards (No. 2013-17)
  

  3/29/13 | Assurance services

  On March 26, the Public Company Accounting Oversight Board (PCAOB) proposed a framework for reorganizing the existing interim and PCAOB-issued auditing standards into a topical structure with a single integrated numbering system (the "Release"). In addition, the PCAOB is proposing certain related amendments to its rules and auditing standards, and proposing to rescind certain interim auditing standards that the PCAOB believes are no longer necessary under the proposed reorganization. The Release states that the amendments are not expected to impose new requirements on auditors or substantively change the requirements of the PCAOB standards.

• New conventions for unconventional oil and gas: Reducing the drag to achieve speed and efficiency
  

  3/29/13 | Energy & mining

  This PwC publication examines the current trends in how energy companies are operationalising their strategies for unconventional development in shale.

• Corporate Governance Series

  BoardroomDirect: Update on current board issues - March 2013
  

  3/28/13 | Center for Board Governance

  This issue of BoardroomDirect® addresses board oversight of capital projects, PCAOB’s release of PwC’s Part II of 2008 and 2009 inspection reports, SEC’s use of high-tech tools to stop fraud, a petition to shorten the beneficial ownership filing deadline, and the commission’s plans to issue a disclosure paper in the next couple of months.

• PwC comment letter (IASB)

  PwC Comments on Exposure draft: Classification and Measurement: Limited Amendments to IFRS 9
  

  3/28/13 | Global accounting consulting services

  PwC agrees with the board’s objectives to amend IFRS 9 and commend the board on their progress in achieving those objectives. The letter includes key comments that we would like to raise with the board.

• In brief

  In brief: FASB issues Q&A and extends comment period for credit impairment proposal (No. 2013-16)
  

  3/28/13 | Assurance services

  On March 25, the FASB issued a document that addresses key questions about its proposed impairment model for financial assets. In addition, the FASB reached a decision at its March 28 meeting to extend the comment period for its impairment proposal to May 31, 2013.

• Flashline

  Flashline - Week ending March 28, 2013 (No. 2013-13)
  

  3/28/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: FASB issues three XBRL implementation guides ... IASB publishes proposals for amendments to IAS 19 on employee contributions... PCAOB proposes framework for reorganization of its auditing standards... and more.

• Health Care Reform Roundup
  

  3/27/13 | Human resource services

  A slew of recent guidance from regulators about the Affordable Care Act (ACA) gives employers clarity about several provisions taking effect in 2014.

• US healthcare M&A insights
  

  3/26/13 | Transaction services

  The US healthcare industry experienced a variety of transformative pressures in 2012. Find out more in this US healthcare M&A insights.

• Meeting

  IFRS Foundation Trustees Meeting
  

  3/26/13

  IFRS Foundation Trustees Meeting April 11, 2013

• Meeting

  IASB Board Meeting
  

  3/26/13

  Meeting of the board of the International Accounting Standards Board (IASB), April 22-26, 2013.

• Meeting

  IAASB Meeting
  

  3/26/13

  Meeting of the IFAC's International Auditing and Assurance Standards Board (IAASB), April 15-19, 2013.

• Meeting

  GASB Board Meeting
  

  3/26/13

  Meeting of the Board of the Governmental Accounting Standards Board (GASB), April 2-4, 2013.

• Meeting

  FASB Education Session
  

  3/25/13

  The FASB will hold an educational, non-decision-making session on April 10, 2013 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Meeting

  FASB Education Session
  

  3/25/13

  The FASB will hold an educational, non-decision-making session on April 24, 2013 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Meeting

  FASB Education Session
  

  3/25/13

  The FASB will hold an educational, non-decision-making session on May 8, 2013 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Meeting

  FASB Education Session
  

  3/25/13

  The FASB will hold an educational, non-decision-making session on May 15, 2013 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Meeting

  FASB Education Session
  

  3/25/13

  The FASB will hold an educational, non-decision-making session on May 1, 2013 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Webcast

  Today's IPO environment: changing market conditions, new expectations for board members, and what you need to know about MLPs – April 25, 2013
  

  3/25/13 | Transaction services

  Learn about the current state of the IPO market. This webcast discusses the US IPO market activity and pipeline; governance issues; and the use of master limited partnerships (MLPs).

• Meeting

  FASB/NACUBO Liaison Meeting
  

  3/25/13

  FASB liaison meeting with the National Association of College and University Business Officers (NACUBO) on April 5, 2013.

• Meeting

  FASB Board Meeting
  

  3/25/13

  Meeting of the Board of the Financial Accounting Standards Board (FASB) on April 24, 2013.

• Tax accounting insights

  Tax considerations relating to fair value accounting
  

  3/25/13 | Tax accounting services

  PwC has refreshed our 'Fair Value Accounting: Tax Considerations' publication (originally released in December 2008).

• Meeting

  FASB/IASB Joint Meeting
  

  3/25/13

  Joint meeting of the Boards of the Financial Accounting Standards Board (FASB) and the International Accouting Standards Board (IASB) on April 23, 2013.

• Meeting

  FASB Education Session
  

  3/25/13

  The FASB will hold an educational, non-decision-making session on May 29, 2013 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Meeting

  FASB Education Session
  

  3/25/13

  The FASB will hold an educational, non-decision-making session on May 23, 2013 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Setting the standard

  Setting the standard -- What you need to know about the FASB's and IASB's standard setting activities -- March 2013
  

  3/25/13 | Assurance services

  Our Q1-2013 edition provides updates on the latest developments in revenue recognition, classification and measurement of financial instruments, impairment of financial assets, leases, insurance contracts, and more.

• In brief

  In brief: Boards meet separately on revenue – FASB on effective date and non-public entities, IASB on early application (No. 2013-15)
  

  3/22/13 | Assurance services

  The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) met separately in March to discuss specific U.S. GAAP and IFRS matters related to the proposed revenue recognition standard. The FASB focused on non-public entities and reached decisions on disclosure requirements, transition, and effective date. The FASB also amended its previous decision about effective date for public entities. The IASB decided to permit early application of the revenue standard. The decisions by both boards are tentative and subject to change. Any remaining “sweep” issues will be discussed at future meetings.

• Dataline

  Dataline: Financial instruments classification and measurement – FASB issues its exposure draft (No. 2013-05)
  

  3/22/13 | Assurance services

  Classification and measurement is an important part of the FASB and IASB’s joint project on financial instruments. The boards have agreed on changes that will broadly converge the accounting for debt investments and financial liabilities, but significant differences in accounting for equity investments will remain. The FASB issued its exposure draft on February, 14 2013 with a comment period ending May 15, 2013. The comment period on the IASB exposure draft, which was issued in November 2012, ends on March 28, 2013. This Dataline looks at FASB’s proposals as outlined in its exposure draft and compares them to the IASB's model.

• Conference

  Service Organization Controls (SOC) School: Advanced Guidance for Successful Engagements
  

  3/21/13

  The AICPA is hosting a SOC School on May 15-17, 2013, designed to educate CPA practitioners who want to gain a deeper understanding of Service Organization Control guidance and common practice issues.

• Flashline

  Flashline - Week ending March 21, 2013 (No. 2013-12)
  

  3/21/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: FASB to join IFRS Foundation’s Accounting Standards Advisory Forum... NASDAQ proposes listed companies have an internal audit function... IESBA strengthens key sections of Code of Ethics for Professional Accountants... and more.

• Conference

  FASAB Meeting
  

  3/21/13

  Meeting of the Board of the Federal Accounting Standards Advisory Board (FASAB) - April 24-25, 2013.

• Webcast

  The Latest in Compensation and Benefits Accounting - Q1 2013 webcast – April 24, 2013
  

  3/21/13 | Human resource services

  Join us for our quarterly webcast designed for corporate financial reporting and HR executives. PwC specialists will provide their perspectives on emerging accounting, regulatory and market developments within the incentive compensation and employee benefits arena.

• The insurance industry and FATCA – Moving from assessment to implementation: Top 13 in ’13
  

  3/20/13 | Financial services

  The final FATCA regulations released in January brought clarity on some issues the insurance industry had identified in the proposed regulations. While some provisions in the final regulations attempt to simplify the impact on the insurance industry, other provisions have ultimately complicated FATCA's impact.

• Overview of key tax provisions under the Affordable Care Act (HRS Insight)
  

  3/19/13 | Human resource services

  The Affordable Care Act (ACA) made broad changes with respect to health care for individuals, employers and insurers.

• PwC comment letter (IASB)

  PwC Comments on Tentative agenda decision: IAS 10 Events after the reporting period—Reissuing previously issued financial statements
  

  3/19/13 | Global accounting consulting services

  Following consultation with members of the PwC network of firms, this response summarizes the views of member firms who commented on the tentative agenda decision, published in the January 2013 edition of IFRIC Update.

• Webcast

  FASB Webcast: 2013 US GAAP Taxonomy Overview and SEC Update
  

  3/19/13

  The FSAB will host a webcast on Tuesday, April 2, 2013, to provide an overview of changes in the 2013 US GAAP Financial Reporting Taxonomy with expanded coverage of the FASB's new series of XBRL Implementation Guides.

• Quarter close

  The quarter close — First quarter 2013: Publication and new video perspectives
  

  3/18/13 | Assurance services

  This edition of The quarter close highlights current developments in financial reporting, including key standard-setting developments in revenue, financial instruments, and other hot topics, as well as SEC and PCAOB regulatory updates.

• Corporate Governance Series

  Shareholder questions: considerations for 2013 annual meetings
  

  3/18/13 | Assurance services

  This PwC publication is intended to help management and the board of directors of public companies prepare for the annual meeting of shareholders. It contains example questions on topics that may be top-of-mind for shareholders, along with background information and suggested actions for management’s consideration.

• Regulatory and standard-setting developments -- March 18, 2013
  

  3/18/13 | Assurance services

  This document provides a high-level summary of activities of the Securities and Exchange Commission (SEC), the Financial Accounting Standards Board (FASB), the Public Company Accounting Oversight Board (PCAOB), and others that may be 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, both inside and outside of the U.S.

• EITF observer

  EITF observer: A meeting synopsis - March 2013
  

  3/18/13 | Assurance services

  At the EITF's March 14 meeting, the Task Force discussed four Issues, reaching a final consensus on two issues (12-B and 12-G) and consensus-for-exposure on one Issue (13-B). Further discussion is expected on one issue (12-F). This edition of EITF observer provides a synopsis of the meeting.

• Senate Budget Committee calls for tax increase; Senate Finance Committee prepares for tax reform
  

  3/14/13 | Washington national tax services (WNTS)

  The Senate Budget Committee on a party-line vote approved an FY 2014 budget resolution. Senate Finance Committee announced upcoming meetings.

• Webcast

  Technology Industry Executive Webcast – March 27, 2013
  

  3/14/13 | Technology

  This quarterly webcast series addresses technical accounting issues impacting technology companies.

• Flashline

  Flashline - Week ending March 14, 2013 (No. 2013-11)
  

  3/14/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: FASB meetings and project updates... IASB issues exposure draft on impairment of financial instruments... IAASB seeks input on strategic review... and more.

• In brief

  In brief: FASB moves forward with final standard on investment companies (No. 2013-14)
  

  3/14/13 | Assurance services

  On March 13, 2013, the FASB met to discuss investment companies, a joint project with the IASB. The FASB discussed certain proposed disclosures designed to increase transparency into an investment company's interest in an investee fund. These investee fund disclosures have been the final area of focus as the FASB finalizes its standard on investment companies. At its meeting, the FASB decided to remove the proposed disclosures from the current project and re-evaluate them at a later date. The FASB also agreed to move forward with issuing a final standard on investment companies.

• Charging forward: PwC’s 2012 electric vehicle study
  

  3/13/13 | Automotive

  This study was developed to provide a check-up on some of the major determining factors for the success of EVs in the near-mid-and long-term. The survey focuses on four key areas: infrastructure, pricing, geography and outlook.

• Webcast

  Conflict minerals - Next steps: An auditor's perspective - April 9, 2013
  

  3/13/13 | Assurance services

  Conflict minerals compliance has quickly become one of the most pressing issues for both SEC and non-SEC registered companies. As we have spoken to a large number of companies regarding their conflict minerals implementation programs, we would like to share with you some observations and key takeaways.

• 10Minutes

  10Minutes on the remaking of utilities
  

  3/13/13 | Power & utilities

  Aside from billing matters and service calls, customers historically have had little interaction with their utility providers. So it stands to reason that customer engagement remains a hurdle for traditional utility companies.

• House Ways and Means Committee releases pass-through tax reform discussion draft
  

  3/12/13 | Washington national tax services (WNTS)

  House Ways and Means issued a 'small business' tax reform discussion draft that features proposals affecting large and small partnerships and S corporations.

• House Republican budget calls for business and individual tax reform
  

  3/12/13 | Washington national tax services (WNTS)

  House Budget Committee Chairman Paul Ryan (R-WI) today released a proposed FY 2014 House budget resolution.

• Webcast

  Land management: From acquisition to management - accelerating the integration of land data webcast – April 3, 2013
  

  3/8/13 | Energy & mining

  PwC's Energy Executive Webcast Series provides practical guidance on recent energy issues and developments. Our webcasts, designed for energy executives, keep you informed of new and emerging issues impacting the energy industry, and provide insight into the recent trends and opportunities within the sector. In this webcast, US oil and gas company land departments are facing significant challenges as transaction volumes increase and a record number of leases change hands. Join us to hear about how these changes may impact your organization and how to implement a strategy for land data management.

• In brief

  In brief: IASB issues exposure draft on impairment of financial instruments (No. 2013-13)
  

  3/8/13 | Assurance services

  Following several years of discussions and two previously published proposals, the IASB has issued an exposure draft, Financial Instruments: Expected Credit Losses. The proposed guidance introduces an expected loss impairment model that will replace the incurred loss model used today. This In brief article provides an overview the IASB's proposal.

• Dataline

  Dataline: Revenue from contracts with customers: Boards finalize redeliberations – A comprehensive look at the new revenue model (No. 2013-04)
  

  3/8/13 | Assurance services

  The FASB and IASB substantively concluded redeliberations of their joint 2011 exposure draft, Revenue from Contracts with Customers, in February 2013. The boards reached decisions on the remaining key issues including disclosures, transition, and effective date at their most recent meetings. Details of these decisions, as well as a comprehensive look at the model at the end of the key redeliberations, are included in this Dataline. Any remaining “sweep” or new issues identified by the boards will be discussed at future board meetings, as needed.

• Webcast

  Alternative Investments: Insights on Managing Tax Risks and Protecting Your Institution webcast – March 19, 2013
  

  3/8/13 | Healthcare

  PwC discusses the tax reporting considerations that every tax-exempt organization investor should be aware when deciding to commit funds into the alternative investments market.

• Finance Integration: Aligning the financial compass of a deal
  

  3/7/13 | Transaction services

  Integration success is critically dependent on an effective finance function to deliver business insight, help ensure compliance and controls, and create operational efficiencies for capturing deal value across the organization.

• Webcast

  Classification and measurement of financial instruments - An overview of the FASB proposal webcast – March 12, 2013
  

  3/7/13 | Assurance services

  This webcast provides an overview of the revised FASB proposal on financial instruments classification and measurement which is open for public comment until May 15, 2013.

• Volcker Rule: Are banks keeping the [good] faith?
  

  3/7/13 | Financial services regulatory practice

  This FS Regulatory Brief provides our view of (a) where banks stand right now in preparing for Volcker, (b) the timing of the final rule and what it may look like, (c) the response of foreign regulators, and most important (d) what banks should be doing now.

• Brand: What's in a name? Careful consideration of brand valuation issues can improve deal reporting
  

  3/7/13 | Assurance services

  Mergers and acquisitions for retail and consumer product companies can be influenced by the brands involved in the transaction. Such "brand-rich" transactions can bring accounting complexities that requires close attention to the valuation and purchase accounting process.

• IT Optimization: Navigating Fiscal Austerity
  

  3/7/13 | Public Sector Research Centre

  The Federal Government faces a situation similar to that of the private sector in the early 2000s. The question is whether Federal COOs, CFOs, and CIOs will wait for OMB to levy cuts on them or whether Federal executives will act to address the systemic drivers of IT expense so they are ready to respond to the inevitable round of forthcoming budget cuts.

• Webcast

  PwC's quarterly tax accounting webcast - Q1 2013 – April 4, 2013
  

  3/7/13 | Tax accounting services

  PwC invites you to join a panel of our Tax Accounting Services (TAS) specialists for a dialogue around relevant tax accounting matters including recent regulatory and legislative developments and a topical discussion of the uncertain tax position model under ASC 740.

• IFRS news

  IFRS news - March 2013
  

  3/7/13 | Assurance services

  PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) the disclosure problem – IASB takes on the challenge, (2) improving IFRS – a point of view, (3) Profile: Mary Tokar – new IASB board member, (4) IAS 10 and 11 – key issues to consider on transition, and more.

• Flashline

  Flashline - Week ending March 7, 2013 (No. 2013-10)
  

  3/7/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: FAF approves new FASB/GASB agenda-setting process and accepts post-implementation review report... FASB meetings and project updates... IASB proposes scope exception for hedge accounting... and more.

• North American Automotive Supplier Supply Chain Performance Study
  

  3/6/13 | Automotive

  The survey focuses on how automotive suppliers achieve supply chain efficiency and effectiveness through current planning, sourcing, and delivery capabilities. The study analyzes overall supplier performance, across each segment.

• In brief

  In brief: IASB issues exposure draft on novation of derivatives (No. 2013-12)
  

  3/6/13 | Assurance services

  The IASB has issued an exposure draft proposing a limited scope amendment to IAS 39, Financial instruments: Recognition and measurement, and to the forthcoming chapter on hedge accounting in IFRS 9, Financial instruments. The exposure draft proposes some relief from the hedge accounting requirements when a derivative is novated to a central counterparty (CCP), such as a central clearing organization, under certain circumstances.

• IASB/FASB Insurance Contracts Project - Meeting summaries
  

  3/6/13 | Insurance

  Insurers currently use a variety of different and largely inconsistent local approaches to measure the value of insurance contracts within their statutory financial statements. This diversity makes it difficult to compare companies and may fail to reflect the true economic value of insurance business, which can put insurers at a considerable disadvantage when competing for capital.

• Management’s Discussion and Analysis (Insights from the investment community)
  

  3/5/13 | PwC Investor Resource Institute

  The MD&A requirements call for a discussion of: the historical financial results for the period covered by the financial statements (typically three years), liquidity, capital expenditures, off-balance sheet arrangements, contractual obligations, and known prospective information. They also encourage management to describe matters that are most significant in the company’s circumstances and to avoid boilerplate discussions.

• Conference

  AICPA Not-for-Profit Industry Conference
  

  3/5/13

  Th AICPA Not-for-Profit Industry Conference -- being held on June 20-21, 2013 -- brings together the industry's top experts and thought leaders to offer their perspectives on the most crucial issues facing not-for-profits and those who serve them.

• Corporate Governance Series

  BoardroomDirect: Update on current board issues - February 2013
  

  3/4/13 | Center for Board Governance

  This issue of BoardroomDirect® covers PwC’s Key questions for board and audit committee members and 16th Annual Global CEO Survey, the need for directors to understand IT and social governance, the latest news on the 2013 proxy season, the new audit committee communication auditing standard, and the nomination of Mary Jo White as the next SEC chair.

• Webcast

  Maximizing the use of your system: Using SAP data to understand and optimize your processes webcast – April 9, 2013
  

  3/4/13 | Risk Assurance

  PwC's Risk Assurance Group invites you to attend this webcast to find out what companies can do to enhance their business processes by using an approach to maximize the use of the SAP system.

• Meeting

  SEC Fixed Income Roundtable
  

  2/28/13

  The SEC will host a roundtable on April 16, 2013, to discuss potential ways to improve the transparency and efficiency of fixed income markets.

• Webcast

  PwC's 2013 State of the Internal Audit Profession: The Audit Committee Perspective webcast – March 26, 2013
  

  2/28/13 | Risk Assurance

  In this webcast, PwC looks at the latest trends and themes presented in our 2013 State of the Internal Audit Profession Study. This webcast also features a panel of experienced Audit Committee members who share their perspectives on risk and internal audits role in helping companies manage the evolving risk landscape facing companies today.

• Segment footnote disclosures (Insights from the investment community)
  

  2/28/13 | PwC Investor Resource Institute

  US accounting standards require public companies to disclose, in their financial statement footnotes, segment data based on the “management approach,” under which investors are provided with a view of the business through the eyes of management. Read more in this edition of Insights from the investment community.

• Webcast

  Why yesterday’s seller is unprepared in today’s changing divestiture market webcast – March 26, 2013
  

  2/28/13 | Transaction services

  Divestiture activity remained brisk during 2012 driven by a continued desire by companies to generate cash, spin-off fast growing segments and exit underperforming or non-core assets. Companies that do the hard work up front to develop an articulated divestiture strategy supported by comprehensive and accurate company data are best positioned for long term success.

• Meeting

  IASB Education Session
  

  2/28/13

  The IASB will hold educational, non-decision-making sessions on April 17-19 to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)

• Flashline

  Flashline - Week ending February 28, 2013 (No. 2013-09)
  

  2/28/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: FAF approves new FASB/GASB agenda-setting process and accepts post-implementation review report... FASB meetings and project updates... IASB proposes scope exception for hedge accounting... and more.

• 10Minutes

  10Minutes on shaping the boardroom agenda
  

  2/27/13 | Center for Board Governance

  This edition of 10Minutes outlines key points from PwC’s 2012 Annual Corporate Directors Survey that illustrate how boards are working to improve their oversight.

• 2013 US technology M&A insights
  

  2/27/13 | Transaction services

  While the pace and value of technology sector deals are expected to mimic that of 2012, the outlook for 2013 technology deals will focus on the new core of mobile, social, analytics and security.

• Beware of cliffs and waterfalls in renewable perspectives (Observations from the front lines)
  

  2/27/13 | US Capital Markets and Accounting Advisory Services

  Companies that structure renewable energy investments to allow investors to achieve returns through tax credits should also understand that the income statement impact of renewable energy investments can be particularly complex.

• Meeting

  PCAOB Standing Advisory Group Meeting
  

  2/26/13

  Meeting of the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB), May 15-16, 2013.

• Tax accounting insights

  FASB issues exposure draft proposing netting of unrecognized tax benefits when a net operating loss carryforward or tax credit carryforward exists
  

  2/26/13 | Tax accounting services

  FASB exposure draft proposes that unrecognized tax benefits be netted against all same-jurisdiction deferred tax asset NOL and tax credit carryforwards

• Meeting

  SEC Credit Ratings Roundtable
  

  2/26/13

  The SEC will host a Credit Ratings Roundtable on May 14, 2013, in response to a recent staff report on credit ratings and related matters.

• Meeting

  PCAOB Standing Advisory Group Meeting
  

  2/26/13

  Meeting of the Standing Advisory Group of the Public Company Accounting Oversight Board (PCAOB), November 13-14, 2013.

• Embedding cyber security into the energy ecosystem: An integrated approach to assessing cyber threats and protecting your assets
  

  2/25/13 | Energy & mining

  These days, the infrastructure of even the biggest, best-prepared organization is vulnerable to cyber attacks, which are persistent, well organized, constantly evolving — and often successful. This PwC publication explains how cyber crime can seriously damage brands, erode customer confidence, violate compliance mandates, and weaken the ability to generate revenue.

• Flashline

  Flashline - Week ending February 21, 2013 (No. 2013-08)
  

  2/22/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: Dataline: FASB’s new guidance on the reporting of amounts reclassified from accumulated other comprehensive income... Final minutes of the January 17 EITF meeting... and more.

• 2013 US financial services M&A insights
  

  2/21/13 | Transaction services

  Financial services mergers & acquisitions (M&A) will face both uncertainty and opportunities in 2013 due to several factors including increased regulatory costs, depressed organic growth, and the greater availability of attractive financing.

• Webcast

  How to respond to the final omnibus HIPAA Rule: 10 things you need to know now webcast – February 28, 2013
  

  2/21/13 | Healthcare

  The new HIPAA changes will have immediate consequences. It is important for organizations to understand the financial and operational implications and develop a well thought out strategy to remain in compliance and support the new health information uses, health IT and channels.

• In brief

  In brief: Boards conclude key revenue redeliberations with decisions on disclosures and transition (No. 2013-11)
  

  2/21/13 | Assurance services

  The FASB and IASB (the “boards”) reached decisions at their February 20 meeting on disclosure requirements, transition, and effective date for the revenue recognition standard. These decisions substantively conclude the boards' redeliberations on this project. The boards’ decisions are tentative and subject to change. Any remaining “sweep” issues will be discussed at future meetings.

• Stay informed 2012 Financial Reporting Survey - Energy industry
  

  2/21/13 | Energy & mining

  Energy sector company audit committee members can use this PwC document to benchmark selected accounting policies with industry practices, identify trends for significant accounting estimates, and facilitate discussion on certain aspects of energy industry practice.

• Dataline

  Dataline: FASB issues guidance on the reporting of amounts reclassified from accumulated other comprehensive income (No. 2013-03)
  

  2/21/13 | Assurance services

  The FASB issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, on February 5, 2013. The standard is effective for public entities for annual periods, and interim periods within those periods, beginning after December 15, 2012. Non-public companies will adopt the standard one year later, but would be exempt from certain interim disclosure requirements.

• Standard setters revisit push down accounting requirements (Observations from the front lines)
  

  2/21/13 | US Capital Markets and Accounting Advisory Services

  Push down accounting refers to instances in which an acquiring entity (or parent company) pushes its new basis down to the stand-alone financial statements of an acquired entity. The Emerging Issues Task Force (EITF) is in discussions regarding the circumstances that drive a change in accounting basis or an acquired entity's stand-alone financial statements. Potential changes could result in more instances where push down accounting is required.

• Demystifying the audit
  

  2/20/13 | PwC Investor Resource Institute

  This Insights for the Investment Community explains what the auditor does, what the auditor does not do, and how to better understand the audit opinion.

• Connecting the dots on risk: Internal audit departments developing comprehensive view
  

  2/20/13 | Power & utilities

  Internal audit executives in the power and utilities industry are responding to a more complex operating environment by collaborating with other risk assurance providers to generate a more complete view of risks facing their organization. This report presents the findings from PwC's Power and Utilities Chief Audit Executives Survey.

• The cord-cutting debate and the role of second screen in TV, advertising and content distribution
  

  2/20/13 | Entertainment & media

  Television viewing trends are changing, which could impact TV network revenues and business models. Partnerships, new capabilities, and a strategy incorporating second screen technologies can be an important engine for growth.

• In brief

  In brief: Accounting implications of recent events in Venezuela (No. 2013-09)
  

  2/19/13 | Assurance services

  On February 8, 2013, the Venezuela government announced that effective February 13, 2013 its currency would be devalued 32% and that the government-regulated rate mechanism referred to as the Transaction System for Foreign Currency Denominated Securities (SITME) market would be eliminated. The Venezuelan government also created a new department referred to as the Superior Body for the Optimization of the Exchange System to oversee foreign currency exchange policies. This In brief article highlights the key financial reporting impacts of these developments.

• In brief

  In brief: South Sudan considered highly inflationary in 2013 (No. 2013-10)
  

  2/19/13 | Assurance services

  At its November 2012 meeting with the SEC staff, the Center for Audit Quality’s SEC Regulations Committee’s International Practices Task Force (IPTF) discussed whether South Sudan’s economy should be considered highly inflationary. The SEC staff affirmed that South Sudan’s economy should be treated as highly inflationary for US GAAP purposes no later than the first reporting period (including annual and interim periods) beginning on or after January 1, 2013. This In brief article describes why South Sudan is considered highly inflationary and highlights some of the financial reporting implications.

• Webcast

  Accounting Technical Update for REITs and Public Real Estate Companies (PDP Live Webcast Series) – March 8, 2013
  

  2/18/13

  This Professional Development Program (PDP) webcast features a discussion of recently issued or proposed accounting/regulatory developments and pronouncements as they relate to REITs and public real estate companies.

• Webcast

  The Foreign Account Tax Compliance Act - A closer look at the final regulations and their implications for asset managers webcast – February 26, 2013
  

  2/18/13 | Financial services

  The long-awaited final Foreign Account Tax Compliance Act (FATCA) regulations have arrived. Learn how these changes may impact your organization and implementation strategy for global compliance.

• In brief

  In brief: FASB proposes a new model for classification and measurement of financial instruments (No. 2013-08)
  

  2/15/13 | Assurance services

  On February 14, the FASB issued a revised proposal for the classification and measurement of financial instruments. Classification and measurement is one part of the FASB and IASB’s broader financial instruments project. The other parts consist of impairment and hedge accounting. The IASB previously finalized its classification and measurement approach, but in late 2012, proposed targeted amendments to its guidance. This In brief article provides an overview of the proposal.

• Three ways mobile operators can (profitably) help customers self-manage data consumption
  

  2/15/13 | Communications

  With mobile data consumption growing exponentially, mobile telecom operators need to manage the increasing demand while remaining profitable. This report outlines 3 ways that mobile operators can let customers self-manage data without compromising profitability.

• Shale oil: the next energy revolution
  

  2/14/13 | Energy & mining

  Shale oil could revolutionise the world’s energy markets over the next 20 years, resulting in lower oil prices, higher global GDP, changing geopolitics and shifting business models for oil and gas companies.

• Flashline

  Flashline - Week ending February 14, 2013 (No. 2013-07)
  

  2/14/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: Q1 accounting and reporting developments webcast—March 20... FASB issues final ASU on fair value disclosure exemption for nonpublic entities... Private Company Council adds three projects to agenda... and more.

• PwC's 5th Annual Digital IQ Survey: Digital Conversations and the C-suite
  

  2/14/13 | Advisory services

  How well do you weave technology into your organization? PwC's Digital IQ survey of 1,100 respondents from 12 countries can help you measure, innovate and create value.

• Tax accounting insights

  Financial Accounting Foundation conducting review of accounting for income taxes
  

  2/14/13 | Tax accounting services

  The Financial Accounting Foundation (FAF) announced that FASB Statement 109, 'Accounting for Income Taxes' will be the next standard for which it will conduct a post-implementation review (PIR).

• In brief

  In brief: Private Company Council holds its second meeting (No. 2013-07)
  

  2/14/13 | Assurance services

  On February 12, the Private Company Council (Council) held its second meeting with the FASB (Board). Agenda items included discussing the private company decision-making framework (the "framework"), determining which projects to add to the Council’s technical agenda, selecting additional accounting topics for pre-agenda research, and providing input on selected current FASB projects.

• Life insurance is “sold” and not “bought” – for how long? A perspective on direct-to-consumer life insurance
  

  2/14/13 | Financial Services Institute

  After decades of relying on agency distribution, life insurers are unprepared to keep up with changing consumer buying habits and behaviors. The number of life insurance agents continues to decline as more consumers turn to the Web for insurance. Insurers must adapt their go-to-market strategies toward direct distribution or risk losing market share.

• 10Minutes

  10Minutes on building the customer-centered organization
  

  2/13/13

  What does a customer-centered organization look like? What investments are needed to take you there, and what might that journey look like? This 10Minutes discusses these questions and how companies who focus on creating a customer-centered organization may reap real dividends.

• Webcast

  Dispelling the Myths of HR Predictive Analytics Webcast – March 20, 2013
  

  2/13/13 | Human resource services

  This PwC Saratoga webcast focuses on how to dispel “myths” related to predictive analytics and discusses ways to help deploy predictive solutions to help you leverage valuable historic data that already exists in your systems and surveys.

• Dodd-Frank stress testing requirements for mid-sized financial firms: Highlights and insights
  

  2/13/13 | Financial services regulatory practice

  PwC analyzes the business implications, for mid to large-size financial firms, of meeting Dodd-Frank expectations for stress testing and capital planning.

• OECD "base erosion and profit shifting" report looks to action plan
  

  2/12/13 | Washington national tax services (WNTS)

  The OECD released a related 90-page report, Addressing Base Erosion and Profit Shifting.

• 2012 IPO Watch - Analysis and trends
  

  2/11/13 | Transaction services

  In a year highlighted by the much-anticipated Facebook IPO, the third-largest in US history, PwC analyzes the main IPO themes for 2012, a turnaround year.

• New tax law extends research & development tax credit
  

  2/11/13 | Pharmaceuticals & life science

  This edition of PwC's Pharmaceutical and Life Sciences Industry Alert reports that the new tax law extends research & development tax credit and provides guidance on accounting for the retroactive reinstatement of the R&D tax credit.

• North American power deals: Q4 2012 mergers & acquisitions report
  

  2/8/13 | Power & utilities

  Merger and acquisition activity revealed that six of the top 10 deals in the alternative energy sector, and deals valued $50 million or greater continued its upward trend in the 4th quarter of 2012. Find out more by reading this issue of Power Deals from PwC's US Power and Utilities practice.

• IFRS news

  IFRS news - February 2013
  

  2/8/13 | Assurance services

  PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) Back to basics – the IASB goes to work on the Conceptual Framework, (2) IAS 19R: Are you ready?, (3) Cannon Street press, and (4) Questions and answers.

• A winning field mobility deployment approach for power and utility companies
  

  2/8/13 | Power & utilities

  Mobile technology is changing the way that power and utility companies operate their businesses, from the job site to the back office. Utilities that successfully deploy mobility solutions achieve productivity improvements of 20% to 30%.

• 2012 technical update for the power and utilities industry
  

  2/8/13 | Power & utilities

  PwC's US Power and Utilities sector have released their 2012 technical update which provides our insights on emerging and ongoing accounting issues to support senior accounting and financial reporting personnel as they address year-end financial reporting issues.

• US Retail & Consumer M&A insights: 2012 year in review and 2013 outlook
  

  2/7/13 | Transaction services

  The review indicates that 2012 deal activity has been positive compared to 2011. We expect R&C deal activity will continue its positive momentum during 2013 as companies look to focus on avenues to grow core operations, expand their capabilities to execute across the rapidly developing omnichannel landscape, and increase their global footprint to access higher growth markets.

• Corporate Governance Series

  BoardroomDirect: Update on current board issues - January 2013
  

  2/7/13 | Center for Board Governance

  This issue of BoardroomDirect® covers PwC’s Key questions for board and audit committee members and 16th Annual Global CEO Survey, the need for directors to understand IT and social governance, the latest news on the 2013 proxy season, the new audit committee communication auditing standard, and the nomination of Mary Jo White as the next SEC chair.

• Capitalizing on the promise of Big Data
  

  2/7/13 | Advisory services

  This PwC paper focuses on how and why companies must get started exploring Big Data. Organizations that delay starting the Big Data journey risk being leapfrogged by more data-savvy competitors.

• FEI President and CEO’s 2013 Top Challenges For Financial Executives
  

  2/7/13

  Financial Executives International (FEI) presents the top challenges for financial executives for 2013. Among key challenges are financial reform, ICEFR, cybersecurity, U.S. deficit and debt, taxes, private company accounting, IFRS, FASB/SEC appointments, health care, etc.

• How do the final FATCA regulations affect asset managers?
  

  2/7/13 | Financial services

  The US Treasury Department and the Internal Revenue Service (IRS) released their guidance on FATCA for the asset management industry, with a compliance deadline of January 2014. Key issues in implementation and other areas remain to be resolved.

• Conference

  2013 AICPA Conference on Doing Business in China
  

  2/7/13

  The "2013 AICPA Conference on Doing Business in China" will be held on May 30-31, 2013, and will provide strategic thinking, expert insights and practical solutions for doing business in China.

• Flashline

  Flashline - Week ending February 7, 2013 (No. 2013-06)
  

  2/7/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: BoardroomDirect: January 2013... FASB issues two final Accounting Standards Updates... FAF to conduct post-implementation review of FAS 109 on income taxes... IASB Update — January 2013... and more

• Webcast

  CMS Shines the Light on the Transparency Final Rule: Insight & Implications webcast – February 12, 2013
  

  2/7/13 | Pharmaceuticals & life science

  The Center for Medicare & Medicaid Services (CMS) released the highly anticipated Final Rule implementing the physician payment sunshine provisions on Section 6002 of the Affordable Care Act. PwC provides a summary of the key provisions of the Final Rule as well as a facilitated discussion about the impact of the provisions on the industry’s efforts to develop, implement and maintain the processes and systems necessary to comply with the law.

• Demystifying the online shopper: 10 myths of multichannel retailing
  

  2/7/13 | Retail & consumer

  According to a report from PwC, digital technology continues to reshape the way companies and consumers interact, but social media is not replacing the in-store shopping experience. Among the findings, 45 percent of consumers continue to shop in a physical store daily or weekly.

• In brief

  In brief: FASB finalizes new requirements on items reclassified from accumulated other comprehensive income (Revised February 14, 2013*) (No. 2013-05)
  

  2/6/13 | Assurance services

  On February 5, 2013, the FASB issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This guidance is the culmination of the board’s redeliberation on reporting reclassification adjustments from accumulated other comprehensive income. The new requirements will take effect for public companies in fiscal years, and interim periods within those years, beginning after December 15, 2012 (the first quarter of 2013 for public, calendar-year companies). This In brief article provides an overview of the key provisions.

• In brief

  In brief: FASB decides on new accounting model for certain guarantees (No. 2013-06)
  

  2/6/13 | Assurance services

  The FASB decided at its February 6 meeting that certain guarantees issued by non-insurers, including certain financial guarantees issued by banks and other financial institutions, should be included in the scope of the proposed insurance contracts standard. The FASB’s tentative decision will be exposed for comment as part of its insurance contracts exposure draft. The exposure draft is expected by the end of the second quarter of 2013. This In brief article provides an overview of the FASB's tentative decision.

• Webcast

  Trends in Power and Utilities Auditing: Highlights from the 2012 Chief Audit Executive Survey Webcast – February 13, 2013
  

  2/4/13 | Power & utilities

  This PwC webcast is designed to provide insight into new and emerging issues to help provide practical guidance for power and utilities internal audit departments, and features the results of our eighth-annual Chief Audit Executive Survey.

• In brief

  In brief: FASB finalizes amendment to clarify the scope of balance sheet offsetting disclosures (No. 2013-04)
  

  2/1/13 | Assurance services

  On January 31, 2013, the FASB issued Accounting Standards Update No. 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (the "ASU"). The ASU limits the scope of the new balance sheet offsetting disclosures to derivatives, repurchase agreements, and securities lending transactions to the extent that they are (1) offset in the financial statements or (2) subject to an enforceable master netting arrangement or similar agreement. This In brief article provides an overview of the scope clarification.

• Flashline

  Flashline - Week ending January 31, 2013 (No. 2013-05)
  

  1/31/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: Key questions for board and audit committee members... To the point: Current issues for boards of directors... In brief: Boards decide on scope of revenue recognition standard and other matters...PwC comments on AICPA's proposed Financial Reporting Framework for Small- and Medium-Sized Entities... and more

• Corporate Governance Series

  Key questions for board and audit committee members, 2013 edition
  

  1/31/13 | Center for Board Governance

  The 2013 edition addresses current regulatory activities in Washington, significant financial reporting matters, the new tax law and potential corporate tax reform, information technology oversight, as well as other topics that boards and audit committees should discuss with management at year-end and throughout the year.

• In brief

  In brief: Boards decide on scope of revenue recognition standard and other matters (No. 2013-03)
  

  1/31/13 | Assurance services

  The FASB and IASB (the “boards”) decided at their January meeting to clarify the scope of the revenue standard, and they confirmed the accounting for repurchase agreements and performance fees by asset managers. They also confirmed that the accounting for transfers of non-financial assets that are not an output of an entity's ordinary activities should follow the guidance in the revenue recognition standard. This In brief article provides an overview of the boards' decisions and what's next.

• Challenges ahead for tax policy - 2013 Tax Legislative Outlook
  

  1/31/13 | Washington national tax services (WNTS)

  PwC's Washington National Tax Services (WNTS) offers a preview of the key tax policy issues facing the Obama Administration and Congress in 2013, including the outlook for comprehensive tax reform, deficit reduction, business tax provisions that expire at the end of 2013, and other tax policy matters of importance to today's business leaders.

• Conference

  AICPA CFO Conference
  

  1/30/13

  AICPA CFO Conference - May 15-17, 2013

• Conference

  7th Annual Capital Markets Summit
  

  1/30/13

  7th Annual Capital Markets Summit - Wednesday, April 10, 2013

• PwC comment letter (AICPA)

  PwC Comments on Proposed AICPA Financial Reporting Framework for Small- and Medium-Sized Entities
  

  1/29/13 | Assurance services

  PwC fully supports efforts to enhance financial reporting for private companies, and believes that the most appropriate way to achieve meaningful change for private company stakeholders is through the collaborative efforts of the recently established Private Company Council (PCC) and the FASB. However, should the AICPA decide to issue this new non-GAAP framework, our comment letter provides observations and recommendations on changes the AIPCA should make to minimize confusion and enhance clarity. ...

• PwC 2012 SEC Comment Letter Trends for Industry Sectors
  

  1/29/13 | Assurance services

  PwC discusses key comment letter trends and considerations for the drafting of 2012 year-end financial reporting based on industry related comment letters published by the SEC staff on Form 10-Ks and Form 10-Qs. Reports are available for the following industries: Automotive, Energy companies, Industrial products, Power & utilities, and Retail & consumer.

• Corporate Governance Series

  To the point: Current issues for boards of directors - Winter 2013
  

  1/28/13 | Center for Board Governance

  The Winter 2013 focuses on what directors should know about (1) new guidance from the SEC and DOJ about the Foreign Corrupt Practices Act and (2) policy updates from the ISS on executive compensation, board response to proposals with majority shareholder support, and hedging of company stock. It also includes an article on what directors should understand about data security and the likelihood of a cyberattack on their company.

• How do the final FATCA regulations impact insurers?
  

  1/28/13 | Financial services

  PwC released an earlier newsbrief on January 18, 2013 highlighting many of the distinctions between the proposed and final FATCA regulations, which potentially apply to all industries. To supplement the earlier newsbrief, this newsbrief describes the most notable differences between the proposed and final regulations that will impact insurers.

• Meeting

  FASB Board Meeting
  

  1/28/13

  Meeting of the Board of the Financial Accounting Standards Board (FASB) on April 10, 2013.

• Top Insurance Industry Issues in 2013: Contingent business interruption (CBI) and principles based reserving (PBR)
  

  1/28/13 | Insurance

  In the wake of recent natural disasters, CBI has new approaches to modeling and risk assessment. Principles based reserving (PBR) for life products will require many insurers to take a fresh look at their systems, processes, data and governance for both pricing and valuation. read the first two sections of the 2013 edition of Top Issues, which PwC will release in its entirety in March.

• PwC comment letter (SEC)

  SEC comment letter and reporting trends for the power and utilities industry
  

  1/28/13 | Power & utilities

  To assist power and utility company reporting entities preparing their year-end financial statements, PwC's US Power and Utilities practice have published the 2012 SEC comment letter trends for the power and utilities industry, which is based on our review of industry related comment letters on Form 10-Ks and Form 10-Qs published in 2012.

• Meeting

  FASB/SBAC Meeting
  

  1/28/13

  Meeting of the Financial Accounting Standards Board (FASB) and the FASB’s Small Business Advisory Committee (SBAC) on April 30, 2013.

• Meeting

  FASAB Conference: Schedule of Spending and FASAB Projects
  

  1/28/13

  FASAB is hosting its annual conference on April 16, 2013, to provide an update for the federal community regarding ongoing and recent FASAB projects.

• HR Innovation - Winter 2012/2013 - The opportunities and obstacles facing employers in a post-health reform world
  

  1/27/13 | Human resource services

  HR Innovation offers advanced thinking about the challenges that should be uppermost on the minds and agendas of organizations and their Human Resources (HR) leaders. In this issue of HR Innovation, we focus on HR Transaction Effectiveness, and delve into what it takes to effectively navigate the maze of critical talent-based decisions that can support deal success, shorten the time to close, and boost value.

• Trendsetter Barometer™ business outlook — Internationally focused US private companies outpace peers in prospective growth and spending
  

  1/27/13 | Private company services

  PwC's quarterly Private Company Trendsetter Barometer tracks the growth expectations, investment focus, and economic views of privately held US growth businesses. This quarter's report incorporates the views of 201 chief executive officers (CEOs/CFOs): 114 in the product sector and 87 in the service sector.

• Webcast

  Conflict minerals: What does Dodd-Frank Section 1502 mean for companies in the Life Sciences industry? – February 6, 2013
  

  1/25/13 | Pharmaceuticals & life science

  On August 22, 2012 the SEC issued a final rule on conflict minerals pursuant to Dodd-Frank Section 1502. Join us as PwC panelists from our Health Industries practice lead a discussion addressing the rule, what life sciences products are likely to be covered, and what companies should be doing now.

• PwC comment letter (SEC)

  Automotive sector 2012 SEC comment letter trends
  

  1/24/13 | Automotive

  PwC has prepared this report to assist management teams identify and understand the areas most frequently commented on by the SEC. The information summarized in this report is based on comment letters issued to companies in the automotive sector and closed by the SEC from October 1, 2011, to October 31, 2012.

• The text of the final Foreign Account Tax Compliance Act (FATCA) regulations in an easy to read format
  

  1/24/13 | Financial services

  The final FATCA regulations document from PwC's Global Information Reporting (GIR) practice is formatted with references in an easy to read format. The GIR team has developed this version of the regulations to give tax and compliance professionals an easier option to study and know the rules surrounding FATCA.

• Webcast

  Using non-traditional consideration to close the M&A value gap webcast – February 19, 2013
  

  1/24/13 | Transaction services

  Dealmakers are increasingly using non-traditional forms of consideration to help facilitate negotiations and bridge value gaps on transactions. Learn about the trade-offs and the situations when different types of consideration are typically most beneficial.

• Flashline

  Flashline - Week ending January 24, 2013 (No. 2013-04)
  

  1/24/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: Dataline: Boards conclude redeliberations on key revenue measurement and recognition issues... President Obama nominates Mary Jo White to run the SEC... SEC staff releases updated Financial Reporting Manual... FASB meetings and project updates... and more

• PwC comment letter (SEC)

  Retail & Consumer sector 2012 SEC comment letter trends
  

  1/24/13 | Retail & consumer

  PwC has issued a summary document of comment letter trends and considerations for 2012 year-end financial reporting for retail and consumer companies.The information summarized within this publication is based on comment letters published by the SEC staff between October 1, 2011 and October 1, 2012 related to R&C registrants. Areas reviewed include management discussion and analysis, controls and procedures, revenue recognition, and much more

• PwC 16th Annual CEO survey 2013
  

  1/23/13

  2013 is shaping up as a pivotal year. Short-term confidence in revenue growth is faltering for US-based CEOs, according to PwC's 16th Annual Global CEO Survey. Yet US CEOs are honing approaches to set the foundation for new growth. Discover where US CEOs see their opportunities and business challenges in 2013.

• 10Minutes

  10Minutes on supply chain flexibility
  

  1/23/13 | Advisory services

  This 10Minutes explores strategies companies can deploy to make their supply chains more agile and adaptable.

• Webcast

  The Foreign Account Tax Compliance Act (FATCA): A closer look at the final regulations and the path forward webcast – January 29, 2013
  

  1/23/13 | Financial services

  Final regulations regarding the Foreign Account Tax Compliance Act (FATCA) were issued on January 17, 2013. Join us and gain a fresh perspective on new and notable issues, and learn about some of the likely ways to craft an implementation strategy for global compliance.

• Dataline

  Dataline: Revenue from contracts with customers -- Boards conclude redeliberations on key revenue measurement and recognition issues (No. 2013-02)
  

  1/23/13 | Assurance services

  The FASB and IASB (the "boards") met in November and December 2012 to continue redeliberating their joint revenue recognition project. The boards reached tentative decisions on key remaining measurement and recognition issues, including the constraint for recognizing revenue from variable consideration, collectibility, licenses, allocation of transaction price, and contract acquisition costs.

• Webcast

  Self study course: Revenue Recognition Exposure Draft Update
  

  1/22/13 | US GAAP & IFRS Convergence

  Revenue is a key metric subject to considerable focus by investors and other stakeholders. Participants in this 90 minute self study course will gain a heightened understanding of recent developments on the revenue recognition proposal, along with potential impacts to their business.

• Final FATCA regulations issued: Let the compliance begin
  

  1/21/13 | Washington national tax services (WNTS)

  Final regulations for Foreign Account Tax Compliance Act (FATCA) were issued on January 17, 2013. FATCA was enacted as part of the Hiring Incentives to Restore Employment Act (HIRE Act) on March 18, 2010 to serve as an administrative tool to prevent and detect US tax evasion and improve taxpayer compliance. The final regulations contain over 500 pages of guidance.

• EITF observer

  EITF observer: A meeting synopsis - January 2013
  

  1/21/13 | Assurance services

  At the EITF's January 17 meeting, the Task Force discussed seven Issues, reaching a final consensus on two issues (11-A and 12-D) and consensus-for-exposure on two Issues (13-A and 13-C). Further discussion is expected on three issues (12-B, 12-F and 12-H). This edition of EITF observer provides a synopsis of the meeting.

• Webcast

  Fiscal Cliff Legislation: What it means to private companies & individuals webcast – January 23, 2013
  

  1/17/13 | Private company services

  On January 2, 2013, President Barack Obama signed into law the American Taxpayer Relief Act of 2012. Much of the new law will directly impact private companies and their owners. PwC's Private Company Services will host this webcast to discuss how tax legislation impacts private companies and high net worth individuals.

• In brief

  In brief: FASB proposes amendments to repurchase agreement accounting model (No. 2013-02)
  

  1/17/13 | Assurance services

  On January 15, the FASB published for public comment an exposure draft to amend the accounting for repurchase agreements (aka “repos”) in an effort to identify those transactions that should be accounted for as a secured borrowing and to improve the associated accounting and disclosure requirements. The proposal will likely affect some companies that engage in certain types of repurchase agreements, including repos-to-maturity. It will also affect companies that engage in repurchase financing agreements and currently account for the components as a linked transaction. This In brief article provides an overview of the key provisions of the proposal.

• Flashline

  Flashline - Week ending January 17, 2013 (No. 2013-03)
  

  1/17/13 | Assurance services

  PwC's weekly update on financial reporting. This week's topics include: Dataline: Credit losses on financial assets — An overview of the FASB's current expected credit loss model... New PwC Guide to Accounting for Utilities and Power Companies — 2013 Edition... FASB requests comments on proposed improvements to accounting for repurchase agreements... and more

• 2012 US Family Business Survey, Playing their hand: US family businesses make their bid for the future
  

  1/17/13 | Private company services

  US family enterprises remain optimistic despite very real challenges ahead. They fully recognize that to thrive in a fast-evolving business landscape and still-uncertain economy, they’ll need to out-innovate their peers and seek new avenues of growth. That requires harnessing the right blend of entrepreneurship, talent, technology, and leadership. Our report discusses how family businesses are rising to the challenge and what they can do to improve their odds.

• Webcast

  The Eurozone crisis – Understanding the risks to international business webcast – January 29, 2013
  

  1/16/13 | US tax services

  The Eurozone crisis is still making headlines, with ongoing speculation about how events will unfold. Join our panel of international specialists as we discuss the crisis in its economic context, how it has evolved over recent months, and potential outcomes of the crisis.

• Dataline

  Dataline: Credit losses on financial assets -- An overview of the FASB's current expected credit loss model (No. 2013-01)
  

  1/16/13 | Assurance services

  Impairment is a major component of the FASB and IASB's (the boards’) joint project to revisit most aspects of financial instruments accounting. In the aftermath of the recent financial crisis, the current incurred loss approach has been criticized for delaying the recognition of credit losses. The FASB has issued a new exposure draft on financial asset impairment. Our Dataline explains their "current expected credit loss" model and how it differs from the IASB's model.