Accounting Policy and Practice Report Index-Summary

DAMAGES

See generally PENALTIES

DEALERS

See BROKER-DEALERS

DEBT INSTRUMENTS

– Convertible debt

See CONVERTIBLE DEBT INSTRUMENTS

– Impairments

See IMPAIRMENTS

– Liabilities

See LIABILITIES

– Mortgages

See MORTGAGE SECURITIZATIONS; SUBPRIME MORTGAGES

– Municipal bonds

See MUNICIPAL BONDS

– SEC likely to increase enforcement of, 395

DEBT-TO-EQUITY SWAPS

– Foreign currency rights, IFRIC asks IASB to act on fair value issues, debt-equity swaps, 670; draft amendments to IAS 32 issued by IASB, 721; staff cleared to move on issuance of rights issue amendment, 908; IASB issues amendment, 940
– Restructurings, IFRIC seeks comments on proposal to clarify application of IAS 32 and IAS 39, 722

DEBTS

– Mortgages

See MORTGAGE SECURITIZATIONS; SUBPRIME MORTGAGES

DECONSOLIDATIONS

See generally CONSOLIDATIONS

DEFAMATION

– Research firm puts SEC on notice of “frivolous” defamation suit by car rental firm over prediction of bankruptcy, 951

DEFINED BENEFIT PLANS

See PENSIONS

DERECOGNITION

See generally ASSETS

DERIVATIVE ACTIONS

– Private right of action does not exist under Sarbanes-Oxley forfeiture provision, court erred in defeating diversity jurisdiction over state law claims (9th Cir.), 50

DERIVATIVES

– Embedded derivatives

– – IAS 39 amendments, emergency change feedback sought, 33; IASB approves amendments, 215; final effective version of IAS 39 published, 266; plans to revamp standard within 6 months confirmed, 358; tensions flare between EU and IASB following rejection of changes to follow FASB revisions, 391; speedy changes to IAS 39 better for EU than adopting FASB rules, IASB argues, 532; measurement and classification sections, revision nears completion, 534; FCAG co-chair supports simplification, 635; classification and measurement revision proposals, comments sought, 668; IASB chair warns of second round of changes, 673; IASB/FASB differences, further discussion, 838; IASCF submits progress report for G-20 meeting, 839; IASB members question viability of financial instrument proposals, especially meaning of “basic loan features,” 903; customized transition approach to new impairment model for amortized costs sought by IASB, 904; impairment discussion suggests second area of divergence between IASB and FASB, 905; limited scope exception for unquoted equity holdings and derivatives to be worked on, 906; IASB votes to simplify hedge accounting, raises fresh U.S. convergence questions, 907; convergence with FASB increasing unlikely, 938; IASB director admits decisions on own-credit risk likely to increase complexity, 942; IASB clears staff to begin drafting second exposure draft on impairments, 980; IASB members dissent on draft standard, 980; changes made in response to EU concerns outlined, 987
– – IFRC 9, post-implementation amendment proposed, 123
– – Scope exception to Para. 14B of FAS 133 intended to clarify application, 25; clarification of bifurcation guidance proposed, 82; effective date deferred, 210; narrower exception to be proposed by FASB, 530; revised proposal tightening embedded credit derivative exception issued by FASB, 934

– Fair value measurement project, IAS 39, will not be changed as part of, 216
– GASB issues guide to GAS 53, 405
– OTC derivatives, SEC and CFTC proposed control over outlined by SEC and CFTC chairs, 583; Investors' Working Group calls for more regulation, 687
– Regulatory reform

See also LEGISLATION, FEDERAL, HR 3300
– – Geithner lays out broad outline of reform proposals, 296; analysis of plan, 609; regulation proposals submitted to Congress, 682
– – Legislation sought by Geithner to bring derivatives market under control of SEC and CFTC, goals of plan outlined, 431; House hearing held, Kanjorski (D-Pa.) calls for balanced approach, not mandatory central clearing of derivatives, 546
– – SEC/CFTC working together to develop plan to regulate credit default swaps, 524
– – Treasury plan unveiled and sent to Congress as final part of Obama reform package, 781

DIRECTORS AND OFFICERS

– Qualifications, SEC to consider asking for more information about director nominees, 356
– Revenue recognition suits

See REVENUE RECOGNITION

– Stock option backdating

See SHARE-BASED COMPENSATION

DISCLOSURE

See also CONFIDENTIALITY
– American Commercial Lines Inc., ex-CFO settles charges of selective disclosure of inside information in violation of Reg. FD, agrees to penalties and bar (S.D. Ind., SEC), 918
– Attorney-client privilege

See ATTORNEY-CLIENT PRIVILEGE

– Bank of America/Merrill merger

– – Federal officials threatened to remove BoA board if merger deal halted, N.Y. attorney general tells Congress, 411
– – Shareholder pre-merger disclosures about bonuses to Merrill Lynch executives under investigation by SEC and N.Y., 367; settlement reached with SEC, N.Y. investigation continues (S.D.N.Y.), 737; pending settlement signals growing investor influence on executive compensation, attorneys say, 785; settlement rejected for second time citing lack of charges against individuals (S.D.N.Y.), 818; court rejects proposed settlement, 857; analysis of court rejection, 886; BoA agrees to waive attorney-client privilege, disclose proxy information to N.Y. attorney-general and regulators, 954; SEC's amended complaint repeats allegations, adds one claim (S.D.N.Y.), 1000

– Banks, troubled securities positions, analysts tell FASB more disclosure needed, 310
– Broker voting of customers' shares, SEC votes to eliminate, 622
– Climate change, reports say public firms routinely fail to disclose risks in SEC filings, 517
– Collateralized mortgage obligations (CMOs), FINRA and SEC file fraud charges (S.D. Fla.), 550
– Confidence in financial system, robust disclosure needed to rebuild, PCAOB member urges, 41
– Contingencies

See CONTINGENCIES

– Discontinued operations

– – FASB says must be on face of comprehensive income statement, 808; FASB considers following IFRS 5, 975
– – IASB asks staff to explore alternative disclosure plans, 402

– Energy company officials charged by SEC with misappropriating millions, concealing misconduct in filings (W.D. Okla.), 596
– Environmental disclosure

– – American Clean Energy and Security Act

See LEGISLATION, FEDERAL, HR 2454

– – SEC working to clarify requirements for risk disclosure, 711

– Executive compensation

See EXECUTIVE COMPENSATION

– Fair value

See FAIR VALUE

– FIN 48 disclosures

See UNCERTAIN TAX POSITIONS, FIN 48

– Financial instruments

See FINANCIAL INSTRUMENTS

– Framework for disclosure, FASB chair announces new project, 619
– Hedge fund adviser settles disclosure charges over Mylan investment prior to merger (SEC), 310
– Inflation of financial results

See REVENUE RECOGNITION

– Interim financial reporting, guidelines for additional disclosures in light of volatile markets, staff to explore amendments to IAS 39, 216; rules to be shored up under IASB quick-fix annual amendment process, 493
– Internal controls

See INTERNAL CONTROLS

– IOSCO task force report makes recommendations for addressing lack of transparency, faulty risk management, 454
– IRS looking at corporate governance issues of tax risk and transparency, 916
– Lawsuit disclosure concerns, IASB refuses to address prior to U.S. adoption of IFRS, 582
– Loan loss disclosures

See LOANS

– Municipal bonds, SEC proposes to increase, chair asks for more power over market, 666
– Municipal securities

See MUNICIPAL BONDS

– Nanotechnology products, advocacy group asks SEC and FASB to require greater disclosure of potential liabilities, 595
– Pensions

See PENSIONS

– Politicization of standards setting, market transparency, infrastructure supporting markets, discussed by FASB chair, 618
– Postretirement investments, transparency requirements increased in final FASB guidance, 29
– Privacy and data security breaches

– – Heartland Payment Sys., SEC filing shows expenses in dealing with breach, 456
– – Hiscox report finds many firms fail to disclose potential financial risk, 412

– Related party disclosures, IASB revised proposals opened for second round of comment, China's state businesses to benefit, 35; amendments to finalized by year-end, scope definition broadened, 724
– Reporter's presence at otherwise nonpublic meeting does not render it public for SEC Reg. FD purposes, 768
– Risk disclosure, investors ask President-elect to strengthen right to, 43
– SEC interpretations updated, 852
– SEC preparing broad package of corporate disclosures for consideration by Congress, 520
– Subprime mortgage crisis

See SUBPRIME MORTGAGES

– Work product

See WORK PRODUCT

DISCONTINUED OPERATIONS

– FASB says must be on face of comprehensive income statement, 808; FASB considers following IFRS 5, 975
– IASB asks staff to explore alternative disclosure plans, 402
– Presentation of statements, FASB tentatively decides should be in separate section, 894

DISCOVERY

– Collins & Aikman fraudulent accounting case, court orders SEC to obey document request by ex-OMB director in SEC civil case (S.D.N.Y.), 145
– Microtune Inc., court decision limiting documents protected from discovery by work product privilege (N.D. Tex.), counsel advising firms on internal investigations should consider, 686
– Qwest Communications, SEC officials shielded by deliberative process privilege from producing documents and responding to questions about accounting practices at issue in suit (D. Colo.), 229

DOCUMENT RETENTION

See RECORDKEEPING

DUE PROCESS

– Equity impairments, IFRIC to issue agenda paper on enhanced due process, 441
– FASB/IASB conceptual framework project

See CONCEPTUAL FRAMEWORK

– Fast track due process, participants in IASCF roundtable concerned about proposal, 940
– Revenue recognition, FASB/IASB project

See REVENUE RECOGNITION

– TROs, SEC's increased use of raises questions of fairness and due process, 414