Assurance Publications
Client Advisories
Our client advisories are concise documents that provide timely commentary, analysis and insights on events and trends of interest to managers and directors. To subscribe to future client advisories, please use our RSS feed or send an email to BDO USA’s National Assurance practice at assurance@bdo.com
| 10/1/2009 | BDO's Pathway to Success Program Highlighted in Public Accounting Report |
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| 3/16/2009 | EITF Issues Affect 2009 Financial Reporting 930 KB PDF File |
| 2/27/2009 | Improving Transparency in Turbulent Times 199 KB |
Financial Reporting Conference Calls
BDO conducts quarterly financial reporting update conference calls for our clients and friends. To hear a replay of a call, click on the link for the corresponding audio (WAV) file below. To receive invitations to future conference calls, please send an e-mail to reportingupdate@bdo.com.
(High speed internet connection recommended. Expect delays of a minute or more with connection slower than cable modem.)
| CPE Attendance Sheet 70KB Word Document |
| 10/12/2009 | October 2009 Reporting Update Slides PPT Presentation |
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| 10/12/2009 | October 2009 Reporting Update Audio 68.8MB WAV File (1:13:23) |
| 4/15/2009 | April 2009 Reporting Update Audio 46.8MB WAV File (1:08:05) |
| 4/15/2009 | April 2009 Reporting Update Slides PPT Presentation |
Financial Reporting Newsletters
Our Financial Reporting newsletters address significant financial reporting developments, relating to both public and private businesses, that occur throughout the year.
Comment Letters
BDO USA's comment letters on FASB,SEC, and PCAOB proposals.
| 5/28/2010 | PCAOB Release No. 2010-001, Rulemaking Docket Matter NO. 030, Proposed Auditing Standard Related to Communications With Audit Committees And Related Amendments to Certain PCAOB Auditing Standards BDO supports the Board’s efforts to improve auditor communications with the audit committee, including recognition of the importance of two-way communication between the auditor and the audit committee. |
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| 1/28/2010 | Subsequent Events (Topic 855) - Amendments to Certain Recognition and Disclosure Requirements BDO support's the Board's efforts to address the conflicts between ASC Topic 855 and the SEC's requirements. We generally agree with the approach the Board has proposed, but we suggest that the Board make two clarifying changes. We support the proposal to make the amendments effective upon issuance, and we urge the Board to act as soon as possible. |
| 10/27/2009 | Research and Development Assets Acquired and Contingent Consideration Issued in an Asset Acquisition BDO does not support the ED because it does not align the accounting for intangible assets acquired in an asset acquisition with business combination accounting, but rather, it creates new inconsistencies in U.S. GAAP without a compelling benefit and also does not align the accounting for acquired intangible assets with internally-generated R&D costs that must be expensed. |
| 10/27/2009 | Accounting for Stock Dividends, Including Distributions to Shareholders with Components of Stock and Cash BDO shares the view held by the majority of the Emerging Issues Task Force members that the stock portion of the dividend addressed in the proposed Accounting Standard Update should be treated as a share issuance that is reflected in earnings per share on a prospective basis rather than as stock dividend. |
| 10/13/2009 | BDO agrees most of the FASB's proposals to enhance fair value disclosures represent improvements, but believe the method of disclosing sensitivities for Level 3 fair value estimates will not be cost-beneficial. 71KB PDF File |
| 8/27/2009 | BDO agrees enhanced credit quality disclosures will improve transparency, but supports deferring the proposed standard for a year and shortening its requirements. 68KB PDF File |
| 1/6/2009 | BDO generally agrees with the changes reflected in the proposed Statement on Subsequent Events and supports the FASB’s proposal to move the guidance on this subject from the auditing literature to the accounting literature. 19KB PDF File |
| 1/6/2009 | BDO supports the FASB’s proposal to move the guidance on going concern from the auditing literature to the accounting literature but urges the FASB to rethink the expanded time horizon proposed in its proposed Statement on Going Concern. 29KB PDF File |
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