APAS Committee Comment Letters Archive

Archived Comment Letters issued by AP & AS on professional standards exposure drafts

2017

• November 21, 2017—Proposed Amendments Relating to the Supervision of Audits Involving Other Auditors and Proposed Auditing Standard
  Dividing Responsibility for the Audit with Another Accounting Firm
• October 30, 2017—Proposed Accounting Standards Update: Not-for-Profit Entities (Topic 958)
  Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made
• October 20, 2017—Proposed Accounting Standards Update: Leases (Topic 842)
  Land Easement Practical Expedient for Transition to Topic 842
• February 27, 2017—Proposed Accounting Standards Update Debt (Topic 470)
  Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent)
• February 27, 2017—Proposed Accounting Standards Update Inventory (Topic 330)
  Disclosure Framework—Changes to the Disclosure Requirements for Inventory
• February 1, 2017—Proposed Accounting Standards Update: Distinguishing Liabilities from Equity (Topic 480)

2016

• December 21, 2016—Proposed Accounting Standards Update: Compensation—Stock Compensation (Topic 718)
  Scope of Modification Accounting
• November 16, 2016—Receivables — Nonrefundable Fees and Other Costs (Subtopic 310-20) Premium Amortization on Purchased Callable Debt Securities
• November 16, 2016—Derivatives and Hedging (Topic 815)
  Targeted Improvements to Accounting for Hedging Activities
• November 10, 2016—Proposed Statement of Financial Accounting Concepts
  Concepts Statement 8 – Conceptual Framework for Financial Reporting – Chapter 7:  Presentation
• September 22, 2016—Proposed Accounting Standards Update, Not-for-Profit Entities–Consolidation (Subtopic 958-810): Clarifying When a Not-for-Profit Entity That Is a General Partner Should Consolidate a For-Profit Limited Partnership or Similar Entity
• September 23, 2016—Employee Benefit Plan Master Trust Reporting (EITF 16B)
• August 8, 2016—Comments on PCAOB Rulemaking Docket Matter No. 034
  Proposed Auditing Standard – The Auditor’s Report on an Audit of Financial Statements when the Auditor Expresses an Unqualified Opinion and Related Amendments to PCAOB Standards
• July 21, 2016—Comments on PCAOB Rulemaking Docket Matter No. 042
  Proposed Amendments Relating to the Supervision of Audits Involving Other Auditors, and Proposed Auditing Standard – Dividing Responsibility for the Audit with Another Accounting Firm
• July 20, 2016—Consolidation (Topic 810)
  Interests Held through Related Parties That Are under Common Control
• June 27, 2016—File Reference No. EITF-16A: Proposed Accounting Standards Update - Statement of Cash Flows (Topic 230): Restricted Cash
• June 22, 2016—Intangibles—Goodwill and Other (Topic 350) Simplifying the Accounting for Goodwill Impairment
• May 31, 2016—Retrieval of Standards for Nonpublic Entities
• April 13, 2016—Proposed Accounting Standards Update: Compensation—Retirement Benefits (Topic 715)
  Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost
• April 13, 2016—Proposed Accounting Standards Update: Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20)
  Changes to the Disclosure Requirements for Defined Benefit Plans
• March 25, 2016—Proposed Accounting Standards Update: Statement of Cash Flows (Topic 230)
• February 19, 2016—Proposed Accounting Standards Update: Fair Value Measurement (Topic 820)
  Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement
• February 8, 2016—Proposed Accounting Standards Update: Government Assistance (Topic 832)
  Disclosures by Business Entities about Government Assistance
• January 22, 2016—Proposed Accounting Standards Update: Business Combinations (Topic 805)
  Clarifying the Definition of a Business

2015

• November 13, 2015—Revenue from Contracts with Customers (Topic 606)
  Narrow-Scope Improvements and Practical Expedients
• August 18, 2015—Not-for-profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities
• July 28, 2015—PCAOB Staff Consultation Paper No. 2015-01 The Auditor’s Use Of The Work Of Specialists May 28, 2015
• July 24, 2015—Investments—Equity Method and Joint Ventures (Topic 323) Simplifying the Equity Method of Accounting
• July 24, 2015—Compensation—Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting
• June 26, 2015—Business Combinations (Topic 805) Simplifying the Accounting for Measurement-Period Adjustments
• June 26, 2015—Revenue from Contracts with Customers (Topic 606) Identifying Performance Obligations and Licensing
• May 18, 2015—Revenue Recognition
• May 18, 2015—File Reference Nos. EITF-15C – I, EITF-15C – II, and EITF-15C – III Plan Accounting: Defined Benefit Pension Plans (Topic 960) Defined Contribution Pension Plans (Topic 962) Health and Welfare Benefit Plans (Topic 965)
• May 18, 2015—Liabilities – Extinguishments of Liabilities (Subtopic 405-20)
• May 18, 2015—Derivatives and Hedging (Topic 815)
• May 18, 2015—Three Year Review of the Private Company Council: Request for Comment
• April 22, 2015—Derivatives and Hedging (Topic 815) Disclosures about Hybrid Financial Instruments with Bifurcated Embedded Derivatives
• April 8, 2015—Income Taxes (Topic 740) Intra-Entity Asset Transfers
• April 8, 2015—Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes
• February 12, 2015—Financial Services—Investment Companies (Topic 946) Disclosures about Investments in Other Investment Companies

2014

• November 21, 2014—Compensation—Retirement Benefits (Topic 715) Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets
• November 18, 2014—Interest—Imputation of Interest (Subtopic 835-30) Simplifying the Presentation of Debt Issuance Cost
• November 14, 2014—Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement
• October 29, 2014—Staff Consultation Paper, Auditing Accounting Estimates and Fair Value Measurements
• October 16, 2014—Feedback Regarding the AICPA’s Discussion Paper: Enhancing Audit Quality

2013

• FASB – File Reference No. 2013-270 Leases (Topic 840)– September 6, 2013
• FASB – Proposed Accounting Standards Update: Presentation of Financial Statements (Topic 205); Reporting Discontinued Operations – August 30, 2013
• FASB – Proposed Accounting Standards Update: Derivatives and Hedging (Topic 815) Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps– August 16, 2013
• FASB – Proposed Accounting Standards Update: Intangibles Goodwill and Other (Topic 350) Accounting for Goodwill– August 15, 2013
• FASB – Proposed Accounting Standards Update: Business Combinations (Topic 805) Accounting for Identifiable Intangible Assets in a Business Combination – August 15, 2013
• AICPA – Auditing Standards Board Exposure Draft Using the Work of Internal Auditors – July 10, 2013
• PCAOB – PCAOB Rulemaking Docket Matter No. 038 – Proposed Auditing Standard-Related Parties, Proposed Amendments to Certain PCAOB Auditing Standards Regarding Significant Unusual Transactions and Other Proposed Amendments to PCAOB Auditing Standards – July 3, 2013
• IASB – Exposure Draft ED/2013/3 Financial Instruments: Expected Credit Losses – June 28, 2013
• IASB – Exposure Draft ED 2013/4 Defined Benefit Plans: Employee Contributions (Proposed amendments to IAS 19) – May 31, 2013
• FASB – Private Company Decision-Making Framework – May 22, 2013
• FASB – Investments—Equity Method and Joint Ventures (Topic 323) Accounting for Investments in Qualified Affordable Housing Projects, a consensus of the FASB Emerging Issues Task Force – May 22, 2013
• PCAOB – PCAOB Rulemaking Docket Matter No. 40 – Proposed Framework for Reorganization of PCAOB Auditing Standards – May 22, 2013
• FASB – Proposed Accounting Standards Update: Financial Instruments – Overall; Recognition and Measurement of Financial Assets and Financial Liabilities (Subtopic 825-10) – May 15, 2013
• AICPA – Proposed Statements on Standards for Accounting and Review Services, Review of Financial Statements, Review of Financial Statements – Special Considerations – May 15, 2013
• FASB – Proposed Accounting Standards Update: Financial Instruments—Credit Losses (Subtopic 825-15) – April 22, 2013
• IASB – Exposure Draft: ED 2012/4: Classification and Measurement: Limited Amendments to IFRS 9: Proposed amendments to IFRS 9 (2010) – March 31, 2013
• IASB – Exposure Draft ED/2013/2: Novation of Derivatives and Continuation of Hedge Accounting (Proposed Amendments to IAS 39 and IFRS 9) – March 21, 2013
• PCC – U.S. GAAP for Private Companies – February 8, 2013
• AICPA – Proposed Financial Reporting Framework for Small-and Medium-Sized Entities (the "FRF" and "SMEs") – January 23, 2013
• FASB – Proposed Accounting Standards Update: Financial Instruments (Topic 825) Clarifying the Scope and Applicability of a Particular Disclosure to Nonpublic Entities – January 22, 2013

2012

• IASB – Exposure Draft ED/2012/5 Clarification of Acceptable Methods of Depreciation and Amortization, Proposed amendments to IAS 16 and IAS 38 – December 18, 2012
• IASB – Exposure Draft ED/2012/3 Equity Method: Share of Other Net Asset Changes, Proposed amendments to IAS 28 – December 18, 2012
• IESBA – Responding to Suspected Illegal Act – December 14, 2012
• FASB – File Reference No. 2012-220 – Discussion Paper on Disclosure Framework – November 27, 2012
• AICPA – Proposed Statements On Standards For Accounting And Review Services: Association With Unaudited Financial Statements; Compilation Of Financial Statements; Compilation Of Financial Statements Special Considerations – November 26, 2012
• FASB – Private Company Decision-Making Framework – October 25, 2012
• FASB – Proposed Accounting Standards Update: Financial Instruments (Topic 825); Disclosures about Liquidity Risk and Interest Rate Risk – September 14, 2012
• FASB – Proposed Accounting Standards Update: Comprehensive Income (Topic 220); Presentation of Items Reclassified Out of Accumulated Other Comprehensive Income – September 12, 2012
• IASB – Comprehensive Review of the IFRS for SMEs – September 12, 2012
• AICPA – Proposed Statement on Auditing Standards – Omnibus Statement on Auditing Standards - 2012 – September 7, 2012
• IAASB – Improving the Auditor’s Report – Invitation to Comment – September 7, 2012
• FASB – Proposed Accounting Standards Update: Presentation of Financial Statements (Topic 205), The Liquidation Basis of Accounting – September 7, 2012
• PCAOB – Proposed Auditing Standard – Related Parties, Proposed Amendments to Certain PCAOB Auditing Standards Regarding Significant Unusual Transactions, and Other Proposed Amendments to PCAOB Auditing Standards; PCAOB Release No. 2012-001; February 28, 2012; PCAOB Rulemaking Docket Matter No. 038 – May 10, 2012
• FASB – Proposed Accounting Standards Update: Parent's Accounting for the Cumulative Translation Adjustment upon the Sale or Transfer of a Group of Assets That Is a Nonprofit Activity or a Business within a Consolidated Foreign Entity; A consensus of the FASB Emerging Issues Task - File Reference No. EITF-11A – February 15, 2012
• FASB – Proposed Accounting Standards Update, Intangibles-Goodwill and Other (Topic 350), Testing Indefinite-Lived Intangibles for Impairment – February 15, 2012
• FASB – Proposed Accounting Standards Update (Revised), Revenue Recognition (Topic 605), Revenue from Contracts with Customers – February 15, 2012
• PCAOB – Proposed Auditing Standard Related to Communications With Audit Committees; Related Amendments to PCAOB Standards; and Transitional Amendments; PCAOB Release No. 2011-008; December 20, 2011; PCAOB Rulemaking Docket Matter No. 030 – February 14, 2012
• FASB – Proposed Accounting Standards Update: Real Estate – Investment Property Entities (Topic 973) – February 14, 2012
• FASB – File Reference No. 2011-220; Consolidation (Topic 810): Principal versus Agent Analysis – January 7, 2012

2011

• FASB – File Reference No. 2011-200; Proposed Accounting Standards Update: Financial Services – Investment Companies (Topic 946) Amendments to the Scope, Measurement, and Disclosure Requirements – December 29, 2011
• PCAOB – Improving the Transparency of Audits: Proposed Amendments to PCAOB Auditing Standards and Form 2: PCAOB Release No. 2011-007; October 11, 2011; PCAOB Rulemaking Docket Matter No. 29 – December 21, 2011
• PCC – Plan to Establish the Private Company Standards Improvement Council – December 15, 2011
• PCAOB – Concept Release on Auditor Independence and Audit Firm Rotation: PCAOB Release No. 2011-006; August 16, 2011; PCAOB Rulemaking Docket Matter No. 37 – December 9, 2011
• PCAOB – PCAOB Release No. 2011-003; Concept Release on Possible Revisions to PCAOB Standards Related to Reports on Audited Financial Statements – September 27, 2011
• FASB – Exposure Draft of Proposed Accounting Standards Update, Property, Plant and Equipment (Topic 360), Derecognition of in Substance Real Estate – a Scope Clarification (File Reference No. EITF-100E – September 7, 2011