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FINANCIAL REPORTING NEWSFLASH

Week ending September 14, 2014



ACCOUNTING NEWS

Compliance Week: "New FASB Standard Will Force Companies to Confess Darkest Fears"
FEI: "SEC Staff to Discuss XBRL Filing Issues"
FEI: The Revised Accounting Model for Revenue Recognition - Why Companies Should Care Now"
CFO: "The Case of the Vanishing Assets"
Accounting Today: Hard to Believe, but Financial Reporting Became a Little Simpler"
The Wall Street Journal: "To Be Clear, SEC Reviewers Want Filings in Plain English, Period"
Accountancy Age: "US lawmakers call for preservation of cash accounting"


INTERNATIONAL NEWS

IFRS: "IASB issues Sale or Contribution of Assets between an Investor and its Associate or Joint Venture"
PR Newswire: "Is the UK Ready for Real Time Financial Reporting?"
In the Black: "Is the printed annual report on its way out?"
FleetNews: "Criticism leads to U-turn on lease accounting standards"
Economia: "Debate: Audit rotation"
Financial Director: "Firms worried about UK's 'illogical' audit interpretation"
Accountancy Live: "EC publishes Q&A on new EU statutory audit regulations"


AUDIT NEWS

FEI: "PCAOB Alert to Industry: Improve Audits of Revenue"
CFO (WSJ): "PCAOB Warns Auditors to Look Closer at Revenues"
CFO (WSJ): "Boards Increasing Audit Committee Disclosure"
International Accounting Bulletin: "Rising expectations on internal auditors"
Accounting Today: "Internal Audit Can Help with Business Continuity after Disasters"
Journal of Accountancy: "Learn from data to improve audits”

INTEGRATED REPORTING NEWS

The Guardian: "Are sustainability reports driving change or just 'losing the signal'?"