On the Horizon -- FASB standard affects presentation of restricted cash in cash flows statement

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Contents FASB      New standard to address restricted cash in the statement of cash flows
     Proposal to address scope of modification accounting in ASC 718
     Tentative decisions from November 16 meeting posted
     FAF reappoints FASB chairman and appoints two new members
EITF meeting held on November 17      Final consensus
          Issue 16-B, “Employee Benefit Plan Master Trust Reporting”
     SEC observer’s comment
SEC      CorpFin updates Regulation A Compliance and Disclosure Interpretations
     Small Entity Compliance Guides released
AICPA      Auditing Standards updated to conform to SAS 130
     Audit alert on preparation, compilation, and review engagements issued
GASB responds to PIR report on fund balance reporting Comment letters issued