Setting the standard - September 2013

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Setting the standard 09/25/2013 by Assurance services
Setting the standard - September 2013

At a glance

Welcome to the latest edition of Setting the standard. It includes the latest updates on the standard-setting activities of the FASB and IASB. Learn more inside.

Welcome to the September 2013 edition of Setting the standard, our quarterly publication designed to keep you informed about the standard-setting activities of the FASB and IASB. We provide you with the most up-to-date information on the joint convergence projects as well as updates on other current projects of the FASB.

In this edition, we give you the latest on where the boards stand with issuing a final revenue recognition standard as well as the progress being made on their financial instruments and insurance contracts proposals. We also provide insights into stakeholder reaction to the controversial leases proposal, for which nearly 600 comment letters were recently submitted.

We wrap up this edition with the latest on a host of other FASB-only proposals, including reporting on discontinued operations, going concern, development stage entities, and the definition of a public business entity.

You can explore these projects and much more in this informative edition of Setting the standard.