The Quarter Close - Directors edition:
A look at this quarter's financial reporting issues

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This quarterly publication is designed to keep directors informed about the latest accounting and financial reporting issues.

The Q1 2012 edition focuses on the FASB and IASB approaches to lease accounting, the latest on US tax reform measures, an update of the COSO internal control integrated framework, what to expect this proxy season, and so much more.

The Directors edition is a shortened version of The Quarter Close -- a publication designed for CFOs and Controllers.

The Q4 2011 edition focuses on the European debt crisis, the FASB and IASB convergence agenda, proposals for mandatory auditor rotation, SEC views on moving to IFRS, the emerging debate on private company standard setting, impairment assessments, pension accounting, revenue recognition, tax disclosures and more on other key topics.

The Q3 2011 edition focuses on the FASB and IASB’s redeliberations on the priority joint projects, the PCAOB’s concept releases on auditor rotation and reporting model, the possible incorporation of IFRS into the U.S. financial reporting system, and more on other key topics.

The Q2 2011 edition spotlights the FASB and IASBss continued deliberations on the joint standard-setting projects, the SECss latest release on the possible incorporation of IFRS into the US financial reporting system, and more on Dodd-Frank and other key topics.

The Q1 2011 edition spotlights three major standard-setting projects, highlights of proposals issued this quarter, accounting hot topics, SEC's progress on Dodd-Frank, IFRS transition activity, and more.

The Q4 2010 edition spotlights key recent developments including yet another change in standard-setting priorities and timetables, highlights from the 2010 AICPA National Conference on Current SEC and PCAOB Developments, and year-end and first quarter 2011 reporting matters.

In this edition, we begin by exploring what the recently-announced changes at the FASB might mean for the future of convergence. That is followed by an overview of the latest exposure drafts from the standard setters on selected projects, including revenue recognition, leases, and loss contingencies. Finally, we look at the latest on tax legislative changes.