"Jay Hanson, national director of accounting for McGladrey & Pullen LLP and an Emerging Issues Task Force
member, said during FASB's March 13 webcast on the codification.
Under the Emerging Issues Task Force
announcement (EITF D-54), generally accepted accounting principles will allow the purchaser of an insurance enterprise to account for an adverse-development cover as prospective reinsurance under certain conditions.
The FASB Emerging Issues Task Force
(EITF) also requires that "an environmental liability should be evaluated independently from any potential claim for recovery (a two-event approach) and that the loss arising from the recognition of an environmental liability should be reduced only when a claim for recovery is probable of realization" (FASB EITF 93-5).
Category (c) consists of AICPA Accounting Standards Executive Committee (AcSEC) Practice Bulletins that have been cleared by the FASB and consensus positions of the FASB Emerging Issues Task Force
The proposal, crafted by FASB's Emerging Issues Task Force
(EITF), calls on creators of content produced for television and streaming services to use the same accounting for production costs that filmmakers follow.
He also chaired the FASB's Emerging Issues Task Force
Ihlanfeldt helped to create COSO's Internal Control Framework and the FASB's Emerging Issues Task Force
; he also helped to organize FEI's first Current Financial Reporting Issues conference (the 31st annual conference was held Nov.
Over the past year, the Emerging Issues Task Force
(EITF) of the Financial Accounting Standards Board (FASB) has recommended several improvements to the provisions of U.S.
generally accepted accounting principles, superseding existing FASB, AICPA, Emerging Issues Task Force
and related literature.
Also, losses arising from the terrorist attacks on September 11, 2001, were not allowed extraordinary-item treatment by the FASB's Emerging Issues Task Force
due to the perceived difficulty of measuring the portion of losses directly attributable to the tragic event (EITF Issue no.
Costco says its net sales and comparable-outlet sales figures were reduced by the implementation of Emerging Issues Task Force
The Financial Accounting Standards Board's (FASB's) Emerging Issues Task Force
(EITF) recently released Issue No.