Bill would make PCAOB disciplinary hearings public
In a renewed effort to make auditor disciplinary hearings conducted by the PCAOB public, Sens. Jack Reed (D-RI) and Chuck Grassley (R-IA) reintroduced the PCAOB Enforcement Transparency Act. The proposal would be similar to the SEC’s Rules of Practice, which makes hearings, notices, orders and motions open to the public.
Ten years on: Australia sees benefits of IFRS adoption
The Australian Accounting Standards Board has published a research report, entitled Review of Adoption of International Financial Standards in Australia. The report assesses the adoption and ongoing relevance of IFRS Standards to Australian for-profit and not-for-profit reporting entities.
FASB has updated the following project summaries on its website:
Accounting for financial instruments: hedging Determining the customer of the operation services