Accounting Policy and Practice Report Index-Summary

HEALTH CARE

– Baxter Intl., ex-officials prevail in securities fraud suit over financial projections, health care product concern granted summary judgment (N.D. Ill.), 230
– HealthSouth Corp., $109 million settlement against auditor, E&Y, approved by court (N.D. Ala.), 322
– Pediatrix Medical Group settles SEC charges of backdating employee stock options, failure to recognize compensation expense caused overstatement of income (S.D. Fla.), 280
– Tenet Healthcare Inc., ex-general counsel ordered to pay $120,000 for inflating revenues in SEC filings (C.D. Cal.), 643; ex-COO settles similar charges, 862
– UnitedHealth Group Inc. and ex-lawyer settle stock option backdating scheme charges (D. Minn.), 54

HEDGE FUNDS

See also ALTERNATIVE INVESTMENTS
– Adviser settles disclosure charges over Mylan investment prior to merger (SEC), 738
– Derivatives

See also LEGISLATION, FEDERAL, HR 3300
– – 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
– – Treasury plan unveiled and sent to Congress as final part of Obama reform package, 781

– Inspection program being revised by SEC in light of Madoff scandal to improve inspection, 587
– Private capital, SEC given limited oversight in administration proposal detailed in white paper, 570
– Regulation, Geithner lays out broad outline of reform proposals, 296; analysis of plan, 609; registration proposals submitted to Congress, 682
– SEC likely to increase enforcement of, 395

HEDGING

– Foreign subsidiary investments, IFRIC issues proposed guidance removing holding restriction, 123
– IAS 39, IASB issues emergency amendment to clear confusion on previous clarifications regarding reclassifications, 33; IASB approves amendments, 215; cash flow hedge reclassifications, amendments cleared under annual improvements project, 217; 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 member blames European bankers for current measurement upheaval, 834; 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

HOLDING COMPANIES

– Banks

See generally BANKING