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Our online community became 14 years old on 1 April. No, not an April fool, we really have been doing it this long and our newswire - Double Entries - was going for some years before this and is now in its 20th volume.

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Latest News

FASB ISSUES PROPOSAL ON BOARD DECISION PROCESS FOR DISCLOSURE FRAMEWORK PROJECT 04 March 2014 The FASB has issued a proposed framework intended to improve its process for evaluating existing and future disclosure requirements in notes to financial statements. Stakeholders are encouraged to review and provide comment on the Exposure Draft, Conceptual Framework for Financial Reporting: Chapter 8: Notes to Financial Statements (Concepts Statement), by July 14, 2014.

GASB PROPOSES NEW GAAP HIERARCHY FOR STATE AND LOCAL GOVERNMENTS; EXPOSES ENTIRE IMPLEMENTATION GUIDE FOR PUBLIC COMMENT 27 February 2014 The Governmental Accounting Standards Board (GASB) has issued an Exposure Draft, The Hierarchy of Generally Accepted Accounting Principles for State and Local Governments. The hierarchy of generally accepted accounting principles (GAAP) — or “GAAP hierarchy” — comprises the types of guidance that state and local governments follow when preparing financial statements. The GAAP hierarchy lists the order of priority for pronouncements to which a government should look for guidance.

STUDY FINDS INVESTORS ARE SOPHISTICATED AT JUDGING PLAUSIBILITY OF FIRMS' SELF-SERVING EARNINGS CLAIMS 27 February 2014 A new study in The Accounting Review, a journal of the American Accounting Association, looks at market response to managements' self-serving attributions in earnings reports -- i.e., blaming outside factors for negative developments, and crediting internal initiatives for positive ones. The study found that investors' reaction depends in large part on two key tests of plausibility: (1) how badly the company's industry peers are doing, (2) and what the study calls "commonality," the extent to which market or industry forces drive a company's earnings.

IMA SPOTLIGHTS TOP MANAGEMENT ACCOUNTING TRENDS IN YouTube SERIES 26 February 2014 IMA® (Institute of Management Accountants) has announced its new video series on the top seven trends in management accounting, hosted by IMA’s Executive-in-Residence, Gary Cokins, CPIM. The organization has released the first installment in the weekly series, which will include seven parts and will be available on IMA's YouTube page.

STUDY INDICATES DECLINE IN PRINT ANNUAL REPORTS 26 February 2014 PR Newswire has produced a study that indicates a minority of public companies plan to issue full color 2014 annual reports in print. Environmental awareness of excess printing and online alternatives have changed what many companies produce.

PCAOB SOLICITS CANDIDATES FOR ECONOMIC RESEARCH FELLOWSHIPS FOR THE 2014-2015 ACADEMIC YEAR 26 February 2014 The Public Company Accounting Oversight Board (PCAOB) has announced that it is seeking researchers to fill several newly created fellowship positions.

PwC SURVEY INDICATES COMPANY FRAUD IN U.S. ABOVE WORLD AVERAGE 25 February 2014 More than half of U.S. organizations that experienced fraud in the past two years reported an increase in the number of occurrences, according to the Global Economic Crime Survey 2014 released by PwC US, representing a continuing upward trend in the occurrence and detection of economic crime. Forty-five percent of organizations in the U.S. suffered from some type of fraud in the past two years, more than the global average of 37 percent.

POST-IMPLEMENTATION REVIEW CONCLUDES FAIR VALUE ACCOUNTING STANDARD MEETS ITS OBJECTIVES 25 February 2014 A 2006 accounting standard that established a framework for measuring fair value within U.S. GAAP generally achieves its purpose. That was the central conclusion of the post-implementation review (PIR) of FASB Statement No. 157, Fair Value Measurements.

NASBA RESPONDS TO $3 MILLION FAF CONTRIBUTION 24 February 2014 The National Association of State Boards of Accountancy (NASBA) has written a letter to the Financial Accounting Foundation (FAF) expressing concern regarding its recent financial contribution to the International Financial Reporting Standards Foundation (IFRSF), which oversees the IASB.

IMA ACCEPTING NOMINATIONS FOR 2014 ANNUAL GLOBAL AWARDS 24 February 2014 IMA® (Institute of Management Accountants) is currently seeking nominations for its Global Awards, a program designed to recognize both members and nonmembers who demonstrate the skills that reflect IMA’s mission and core values.

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	Book of the Week
	Management Accounting Applications by Grahame Steven

	Latest event
	IESBA WASHINGTON ROUNDTABLE—ENHANCING ETHICS STANDARDS FOR PROFESSIONAL ACCOUNTANTS 10 July 2014 ( 1 day ) IESBA PLANS ROUNDTABLES—ENHANCING ETHICS STANDARDS FOR PROFESSIONAL ACCOUNTANTS Save the Date The International Ethics Standards Board for Accountants (IESBA, the Ethics Board) is holding a series of three global roundtables to gain additional feedback on its project to address professional accountants’ responsibilities regarding the disclosure to an appropriate authority of suspected non-compliance with laws and regulations (formerly called suspected illegal acts) by a client or employer: Hong Kong S.A.R, China, on May 20, 2014; Brussels, Belgium, on June 3, 2014; and Washington DC, USA, on July 10, 2014.... Event added 12/01/14

	Latest Library Item
	Double Entries 16.20 01 December 2010 Author(s): Andy Lymer and Amelia Baldwin Type: Double Entries Archive Double Entries Newswire Issue16.20 November 22 2010

	Latest Link
	IFRS Resources pages 16 December 2012 Follow the link to download a list of some English language IFRS resources available to accounting academicians, students and others. Most of the Internet resources are available without charge (purchased access is indicated).