Exposure Draft

A&A

IIA Seeks Input on Proposed Changes to Global Internal Audit Framework

A task force commissioned by the Institute of Internal Auditors recommended several major enhancements to the International Professional Practices Framework, including introduction of a mission statement and core principles.
A&A

FASB Issues Exposure Draft on Development Stage Entities

On November 7, FASB issued an exposure draft of a proposed accounting standards update that is intended to improve financial reporting about public and private development stage entities.
A&A

FASB OK'd Exposure Draft on Development Stage Entities

The FASB voted on September 11 to approve issuing an exposure draft containing proposals for improving financial reporting about public and private development stage entities.
A&A

IAASB Proposes Standards to Fundamentally Transform the Auditor's Report

On July 25, 2013, the International Auditing and Assurance Standards Board (IAASB) released proposals to enhance the future auditor's report.
Education & Careers

IAESB Issues Exposure Draft on Proposed Strategic Plan

The International Accounting Education Standards Board is seeking comments from the public on an exposure draft the board released on July 3 on its proposed "2014-2016 IAESB Strategy and Work Plan."
A&A

Feedback Sought for FASB/IASB Lease Accounting Proposal

Interested individuals and organizations have until September 13 to offer their input on a revised exposure draft – "Proposed Accounting Standards Update - Leases (Topic 842)" – from the FASB and the IASB.
A&A

A More User-Friendly Ethics Code On Tap for AICPA

With the goal of making it more user-friendly and intuitive for members, the AICPA has completed a proposed revision of its Code of Professional Conduct. AICPA members have until August 15 to submit comments on the proposal.
A&A

FASB Overview: New Credit Loss Model

The Financial Accounting Standards Board expects to issue an Exposure Draft of an Accounting Standards Update that proposes a single measurement model for measuring credit losses, possibly by the end of 2012.
A&A

9/28 Deadline to Comment on GASB Exposure Draft

Parties interested in submitting written comments on the GASB Exposure Draft, "Accounting and Financial Reporting for Nonexchange Financial Guarantee Transactions," should file comment letters by Friday, September 28, 2012.
A&A

IMA Stresses Importance of COSO Exposure Draft

As a cofounder of COSO, IMA has contributed to the latest COSO exposure draft "Internal Control over External Financial Reporting: Compendium of Approaches and Examples" and encourages small businesses to provide input.
A&A

The IFAC Supports Stronger Independence Rules

The International Ethics Standards Board for Accountants, an independent international standards board supported by the IFAC, has proposed strengthening current rules for auditor independence.

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