LeMaster Daniels - Newsletters

COSO study provides insights on preventing and detecting fraudulent financial reporting
More accounting changes coming
Pervasive changes to the accounting for financial instruments proposed
Statement of comprehensive income proposed
Valuation Resource Group meets
Tackle those spreadsheets!
Proposed standard regarding non-issuer financial statements in registration statements
Reporting on compiled prospective financial statements when independence is impaired
Not-for-profit entities industry audit risk alert released
IASB proposes continuous statement of profit or loss and other comprehensive income

Guidance on debt modifications and restructurings
Carryforward of a reporting unit's fair value when testing goodwill for impairment
COSO releases study on fraudulent financial reporting
Forms 272, 173, and 272.01 updated

Fair Value Disclosures for Business Combinations and Other Accounting Events
Accounting Considerations Following a Pension Plan Freeze
Accounting for Certain Tax Effects of the Health Care Reform Acts
Currency Considerations in the Classification of Share-based Payment Awards
Modernization of Oil and Gas Reporting
An Insurer’s Consolidation Analysis: Investments Held Through Separate Accounts
Accruals for Casino Base Jackpot Liabilities
Presentation of Insurance Claims and Related Insurance Recoveries by Health Care Entities
Measuring Charity Care Disclosure by Health Care Entities
Attestation Manual Updated
Reporting on Controls at a Service Organization
Registration with the Canadian Public Accountability Board
Variable Interest Entities - ICFR Reporting Requirements

Predicting the Future (Comments from RSM McGladrey National Director of Accounting, Jay Hanson)
Financial Reporting Alert Released
Record of Consultation – Restatement of Previously Issued Financial Statements
Auditor Considerations Regarding Significant Unusual Transactions
Transition Questions Related to FASB Statement No. 167
Disclosures Regarding Repurchase Agreements and Securities Lending Transactions
Retrospective Adjustments to Provisional Amounts in a Business Combination
PCAOB Proposes Standard for Communications with Audit Committees
Revised Communications for Internal Control Related Matters to Participants in OMB Pilot Project
Proposed Statement Regarding the Financial Reporting Entity
Audit Guide and Audit Risk Alert Released for Audits of Employee Benefit Plans

McGladrey & Pullen Issues Guidance Regarding the Accounting for Subsequent Events
What Are Those Guys Thinking??? Comments from National Director of Accounting, Jay Hanson
Sample Financial Statement Disclosures
Scope Exception Related to Embedded Credit Derivatives
Presentation of Consolidated Statement of Cash Flows under Statement No. 160
FASB and IASB Publish Exposure Draft on the Reporting Entity Concept
Disclosing the Names of Clients
AICPA Newsletter, In Our Opinion – March 2010
Independence in Compilation Engagements – Paragraph 2.21 of SSARS 19
New Form to Be Used for Consultations with FICAR Committee
Clarification of the Risk Weight for Claims on or Guaranteed by the FDIC
Updated Financial Reporting Manual Available
Single Audit Report Samples Updated for SAS 115
McGladrey & Pullen Issues Additional Guidance on 403(b) Plan Form 5500 Reporting
April Webcasts

Amendments to Certain Subsequent Events Recognition and Disclosure Requirements
Deferral of Statement No. 167 for Certain Investment Funds
Determining the Acquisition Date of a Business Combination
Municipal Bonds Not Always Low-risk Investments
Guidance Related to Auditing Unaudited Pooled Separate Accounts
PEG Portfolio Company Independence Issues
Three Auditing Standards Issued
Proposed Standard Regarding Consistency of Financial Statements
Revised Sample Representation Letters and Consents
Clarification Regarding Concurring Approval Requirement for Re-issuance of Reports
Item 4 in Forms 10-K and 10-Q to Be Reserved – Following Items No Longer Renumbered
Seminar to Help Companies Comply with XBRL Reporting Rules
SEC Supports Global Accounting Standards
DOL Clarifies 403(b) Plan Financial Reporting Relief and Provides Resources

Scope Clarification – Accounting for Decreases in Ownership of a Subsidiary
Oil and Gas Reserve Estimation and Disclosures
FASB Issues ASU Nos. 2010-04 and 2010-05
Accounting for Subsequent Discount Accretion for Loans Acquired in a Business Combination
SEC Approves PCAOB Standard on Engagement Quality Review
Frequent SEC Comment Letter Issues for Smaller Registrants
Non-GAAP Financial Measures
Use of EFAST2 Online Filing System Required for Form 5500
Limited Re-Exposure of Proposed Amendment to IAS 37

FASB Grants Another Year for Certain Nonpublic Enterprises to Apply FIN 48
Employers’ Disclosures about Postretirement Benefit Plan Assets
Additional Disclosures Proposed for Certain Financial Assets
Proposed Impairment and Interest Income Measurement Guidance
SEC Reports to Congress on Mark-to-Market Accounting
Paper Discusses Joint Approach by IASB and FASB for Revenue Recognition Standards
PCFRC Seeking Members for User Group
Application of Statement No. 114 to Modifications of Residential Mortgage Loans
SEC Requires Use of Interactive Data for Reporting of Financial Information
Change in Effective Date of Revised IFRS 1
Proposed Revisions to Consolidation Standard
Proposed Clarification of the Accounting Treatment for Embedded Derivatives
Additional Disclosures Proposed for Investments in Debt Instruments
Paper Discusses Joint Approach by IASB and FASB for Revenue Recognition Standards
Intangible Assets: IFRS vs. U.S. GAAP