1 / 8

Disclaimer

U.S. Securities and Exchange Commission Current Accounting Initiatives and Topics Presentation to NARUC (Spring Update) Douglas T. Parker Professional Accounting Fellow Office of the Chief Accountant U.S. Securities and Exchange Commission May 4, 2009. Disclaimer.

harding-vinson
Download Presentation

Disclaimer

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. U.S. Securities and Exchange CommissionCurrentAccounting Initiatives and TopicsPresentation to NARUC (Spring Update)Douglas T. ParkerProfessional Accounting FellowOffice of the Chief AccountantU.S. Securities and Exchange CommissionMay 4, 2009

  2. Disclaimer • The Securities and Exchange Commission, as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. Therefore, the views expressed today are my own, and do not necessarily reflect the views of the Commission or the other members of the staff of the Commission.

  3. Discussion Topics • New Releases • The Fair Value Debate • Impairment Considerations in the Current Environment

  4. New Releases • IFRS Roadmap • Oil & Gas Reporting Requirements • XBRL • SAB No. 111

  5. The Fair Value Debate

  6. Impairment Considerations in the Current Environment • Goodwill Impairment • Identifying triggering events • Single vs. multiple reporting unit entities • Relationship between market capitalization and reporting unit fair value • Other-than-temporary Impairment (OTTI)

  7. Consultations Whom to Contact • Division of Corporation Finance Reporting questions Contact: 202-551-3400 or DCAOletters@sec.gov • Office of the Chief Accountant Accounting or auditor independence questions Contact: 202-551-5300 or OCA@sec.gov

  8. Questions

More Related