International


n The International Accounting Standards Board (IASB) published a discussion paper on the distinction between equity financial instruments and other financial instruments (non-equity instruments). The discussion paper is the first stage of the IASB’s project to improve and simplify the requirements in International Accounting Standard no. 32 (IAS 32), Financial Instruments: Presentation.

The project is a modified joint project between the IASB and FASB. In a modified joint project, one board leads the initial stage. In this case, FASB led the research stage and published a preliminary views document, Financial Instruments with Characteristics of Equity, in November 2007. The IASB’s current discussion paper will solicit the views of interested parties on whether the proposals in the FASB preliminary views document are a suitable starting point for the IASB’s deliberations. If the project is added to the IASB’s active agenda, the IASB intends to undertake it jointly with FASB. Comments are due by Sept. 5. For more information, visit www.iasb.org or www.fasb.org/draft/pv_liab_and_equity.pdf.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.