FASB	FASB Issues Exposure Draft for Proposed Accounting Standards Update, Improving Disclosures about Fair Value Measurements	Norwalk, CT, August 28, 2009—The Financial Accounting Standards Board (FASB) has issued an Exposure Draft (ED) of a proposed Accounting Standards Update intended to improve disclosures about fair value measurements. [READ MORE]
	SUMMARY OF BOARD DECISIONS	Summary of Board decisions are provided for the information and convenience of constituents who want to follow the Board’s deliberations. All of the conclusions reported are tentative and may be changed at future Board meetings. Decisions are included in an Exposure Draft for formal comment only after a formal written ballot. [READ MORE]
SEC	Chairman Schapiro Issues Open Letter to Broker-Dealer CEOs	Washington, D.C., Aug. 31, 2009 — SEC Chairman Mary L. Schapiro today issued an open letter to remind broker-dealer chief executive officers of their supervisory responsibilities following reports that special recruitment programs at some firms are premised on enhanced compensation arrangements. [READ MORE]
AICPA	AICPA Interpretation 101-3 fundamentals	Interpretation 101-3 (Performance of Nonattest Services) of the AICPA Code of Professional Conduct addresses whether and to what extent professionals may perform nonattest (i.e., tax and consulting) services for their attest clients. [READ MORE]
PCAOB	PCAOB Rules Requiring Reporting By Registered Firms Take Effect October 12, 2009	Washington, DC, August 14, 2009 – Public Company Accounting Oversight Board rules requiring reporting by registered public accounting firms were approved by the Securities and Exchange Commission on August 13, 2009 and will take effect on October 12, 2009. [READ MORE]
	PCAOB Provides New and Updated Information on Inspections	Washington, DC, August 12, 2009 – The Public Company Accounting Oversight Board today published two lists: a list of registered firms that have not yet been inspected by the PCAOB, even though more than four years have passed since the end of the calendar year in which the firm first issued an audit report while registered with the Board. [READ MORE]
COSO	COSO Elects New Chairman	The Committee of Sponsoring Organizations (COSO) of the Treadway Commission has elected David L. Landsittel, CPA as its new chairman. Jeff Thomson, IMA’s President and CEO, took the lead in the organization’s search for the Chairman’s position. [READ MORE]