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On the Horizon -- EITF reaches consensus on cash flows statement classification issues

Contents
FASB
     Proposed ASU to clarify nonfinancial asset derecognition guidance
     Tentative decisions from June 8 meeting posted
     Webcast for private companies and not-for-profits scheduled
EITF meeting held on June 10
     Final consensus
          Issue 15-F, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments”
     Consensus-for-exposure
          Issue 16-B, “Employee Benefit Plan Master Trust Reporting”
AICPA and NASBA issue proposal on recognizing foreign designations
IOSCO reports on audit committee oversight of auditors

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