FinREC Raises Significant Concerns about FASBs Proposed Disclosure Framework

Newsletter:  The CPA Advocate: December, 2012. The decision frameworks for FASB and the reporting entity must be "more concise, purposeful, and concrete," FinREC said in its comment letter
Published on December 19, 2012

February 14, 2012 Comment Letter by FinREC Regarding Consolidation (Topic 810) - Principal versus Agent Analysis

Comment Letter:  FinREC is pleased to offer comments on the proposed FASB Accounting Standards Update (the proposed ASU), “Consolidation (Topic 810) - Principal versus Agent Analysis. This document reflects the comments provided to...
Published on February 15, 2012

FinREC Comment Letter, Testing Goodwill for Impairment

Comment Letter:  The Financial Reporting Executive Committee (FinREC) of the American Institute of Certified Public Accountants is pleased to offer comments on the proposed FASB Accounting Standards Update (ASU), “Intangibles—Goodwill and Other (Topic 350) - Testing Goodwill...
Published on July 11, 2011

FinREC Comment Letter, Effective Dates and Transition Methods

Comment Letter:  FinREC had taken the opportunity to provide comments on FASB's October 19, 2010, Discussion Paper, Effective Dates and Transition Methods. FinREC believes that there should be two different effective...
Published on July 11, 2011

October 8, 2012 Comment Letter by FinREC Regarding the Exposure Draft of a Proposed Accounting Standards Update, Financi...

Comment Letter:  FinREC is pleased to offer its comments on the proposed FASB Accounting Standards Update (ASU), Presentation of Financial Statements (Topic 205)—The Liquidation Basis of Accounting. This document reflects the...
Published on October 12, 2012

December 11, 2012 Comment Letter by FinREC Regarding the July 12, 2012, Invitation to Comment (ITC), Disclosure Framewor...

Comment Letter:  FinREC is pleased to offer its comments on the July 12, 2012, Invitation to Comment (ITC), Disclosure Framework. This document reflects the comments provided to FASB
Published on December 18, 2012

February 14, 2012 Comment Letter by FinREC Regarding Financial ServicesInvestment Companies (Topic 946) Amendments to th...

Comment Letter:  FinREC is pleased to offer comments on the proposed FASB Accounting Standards Update (ASU), ―Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. This document...
Published on February 17, 2012

FinREC Comment Letter, Accounting for Financial Instruments and Revisions to the Accounting for Derivatives Instruments ...

Comment Letter:  The Financial Reporting Executive Committee (FinREC) appreciates the opportunity to comment on the Supplementary Document, “Accounting for Financial Instruments and Revisions to the Accounting for Derivatives Instruments and Hedging Activities-Impairment.” FinREC supports the efforts...
Published on July 11, 2011

December 19, 2011 Comment Letter by FinREC Regarding the Proposed ASU, Technical Corrections

Comment Letter:  FinREC is pleased to offer its comments on the December 19, 2011 Proposed FASB ASU, Technical Corrections. This document reflects the comments provided to FASB
Published on December 22, 2011

October 4, 2012 Comment Letter by FinREC Regarding the proposed FASB Accounting Standards Update (ASU), Presentation of ...

Comment Letter:  FinREC is pleased to offer its comments on the proposed FASB Accounting Standards Update (ASU), Presentation of Financial Statements (Topic 205)—The Liquidation Basis of Accounting. This document reflects the...
Published on October 11, 2012

FinREC Comment Letter on SFFAS 36 Deferral

Comment Letter:  This comment letter from FinREC to the FASAB discusses the deferral of SFFAS 36
Published on March 27, 2013

AICPA Financial Reporting Executive Committee Comment Letter on FASB Proposed ASU, Disclosure of Certain Loss Contingenc...

Comment Letter:  The Financial Reporting Executive Committee of the American Institute of Certified Public Accountants (FinREC) offers comments on the FASB’s July 20, 2010, Proposed Accounting Standards Update, Disclosure of Certain Loss Contingencies (the Exposure Draft
Published on July 11, 2011

March 13, 2012 Comment Letter by FinREC Regarding the Exposure Draft of the Proposed Accounting Standards Update, Revenu...

Comment Letter:  FinREC is pleased to offer its comments on the Exposure Draft of the Proposed Accounting Standards Update, Revenue from Contracts with Customers. This document reflects the comments provided to FASB...
Published on March 14, 2012

April 19, 2012 Comment Letter by FinREC Regarding the proposed FASB Accounting Standards Update (ASU), Intangibles-Goodw...

Comment Letter:  FinREC is pleased to offer its comments on the the proposed FASB Accounting Standards Update (ASU), "Intangibles-Goodwill and Other (Topic 350) - Testing Indefinite-Lived Intangible Assets for Impairment." This...
Published on April 26, 2012

February 14, 2012 Comment Letter by FinREC Regarding the proposed FASB Accounting Standards Update (ASU), Real EstateInv...

Comment Letter:  FinREC is pleased to offer comments on the proposed FASB Accounting Standards Update (ASU), ―Real Estate—Investment Property Entities (Topic 973). This document reflects the comments provided to FASB
Published on February 17, 2012