World Bank, Accounting and Auditing Reports on the Observance of Standards and Codes (A&A ROSC) resource Guides OCEG Reviewed
As part of the Accounting and Auditing Reports on the Observance of Standards and Codes (A&A ROSC) initiative, the World Bank has established a program to assist its member countries in implementing international accounting and auditing standards for strengthening the financial reporting regime.
SEC Proposes Ways to Strengthen Audits and Reporting of Broker-Dealers to Protect Customer Assets (June 2011) resource Articles OCEG Reviewed
SEC Press Release and Fact Sheet: The Securities and Exchange Commission unanimously proposed amendments to the broker-dealer financial reporting rule in order to strengthen the audits of broker-dealers as well as the SEC’s oversight of the way broker-dealers handle their customers’ securities and cash.
SEC, Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S. Issuers: Exploring a Possible Method of Incorporation (May 2011) resource White Papers OCEG Reviewed
A Staff Paper from the Office of the Chief Accountant at the SEC (May 26, 2011).
FASB, In Focus - Accounting Standards Update No. 2011-04: Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs (May 2011) resource Articles OCEG Reviewed
Introduction: The FASB and the International Accounting Standards Board (IASB) issued their converged guidance on fair value measurement, which represents meaningful progress toward the stated goal of their Memorandum of Understanding to create a common set of high-quality global accounting standards.
In Focus, May 12, 2011 (FASB)
FASB, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs (May 2011) resource Standards and Guidelines OCEG Reviewed
Accounting Standards Update No. 2011-04, May 12, 2011: A FASB/IASB converged guidance on fair value measurement.
COSO, Guidance Documents resource Organizations & Associations OCEG Reviewed
COSO (Commitee on Sponsoring Organizations) guidance documents posted on the following topics: Enterprise Risk Management, Internal Controls and Fraud Deterrence.
Increased motivation for whistle-blowing (2010) resource Articles OCEG Reviewed
Introduction: New statutory and regulatory changes provide greater rewards to individuals who blow the whistle on fraudulent activities and to organizations that actively encourage an effective ethical culture – important steps at a time when the rate of fraudulent financial activity is likely to increase.
Model Audit Rule Implementation Guide (NAIC/AICPA, 2010) resource Books / Publications OCEG Reviewed
The NAIC/AICPA Working Group Executive Committee/Plenary has adopted as final the revisions to the Annual Financial Reporting Model Regulation (the Model Audit Rule). The proposed revisions relate to auditor independence, corporate governance, and internal control over financial reporting.
Japan, Financial Instruments and Exchange Act, FSA Web Site (English Version) resource Agency Web Sites OCEG Reviewed
Texts, documents and amendments pertaining to Japan's Financial Instruments and Exchange Act, posted at the Financial Services Agency web site.
EU, Consultation on Modernisation of the Directive 2004/109/EC (Transparency Requirements for Listed Companies) (May 2010) resource Standards and Guidelines OCEG Reviewed
Objective: The Commission has published a report on the operation of the Directive 2004/109/EC (Transparancy Directive) accompanied by a consultation document which is the basis for a public consultation on possible ways forward to modernise the transparency regime for listed companies.
