|
Action Alert No. 04-23
June 10, 2004
NOTICE OF MEETINGS
OPEN BOARD MEETING
(Board
meetings are available by audio webcast and telephone.)
Tuesday, June 15, 2004, 1:00 p.m.
AcSEC document. The Board will meet with representatives of the
AICPA's Accounting Standards Executive Committee (AcSEC) to consider
clearance of a final AICPA Statement of Position, Clarification of the
Scope of the Audit and Accounting Guide Audits of Investment Companies and
Accounting by Parent Companies and Equity Method Investors for Investments
in Investment Companies. (Estimated 2-hour discussion.)
Wednesday, June 16, 2004, 9:00 a.m.
- Short-term
convergence: liability classification. The Board will discuss
whether to provide a scope exception for nonpublic entities in the
forthcoming balance sheet classification Exposure Draft. (Estimated
30-minute discussion.)
- Beneficial
interests. The Board will discuss alternatives for the initial
measurement of retained beneficial interests in securitized financial
assets. The alternatives to be considered are (a) allocated carrying
value based on the relative fair value of assets sold versus assets
retained and (b) fair value. (Estimated 60-minute discussion.)
- Open discussion. If necessary, the Board will allow time to
discuss minor issues with staff members on technical projects or
administrative matters. Those discussions are held following regular
Board meetings as topics come up.
OPEN EDUCATION SESSION
No education session will be held during the week of June 14, 2004.
The next scheduled education session is June 21.
OPEN ROUNDTABLE DISCUSSION WITH RESPONDENTS TO THE FASB STAFF
REQUEST FOR INFORMATION ABOUT ISOLATION OF TRANSFERRED ASSETS
(This
meeting is available by audio webcast and telephone.)
Thursday, June 17, 2004, 9:00 a.m. – 12:00 p.m.
The Board will hold its second public roundtable discussion with
attorneys and regulators who responded to the April 9, 2004 FASB Staff Request for Information about isolation
of transferred assets, in connection with the Board's planned revisions to
its June 10, 2003 FASB Exposure Draft, Qualifying Special-Purpose
Entities and Isolation of Transferred Assets, which would amend FASB
Statement No. 140, Accounting for Transfers and Servicing of Financial
Assets and Extinguishments of Liabilities. The roundtable will focus
on legal issues related to the isolation requirement of Statement 140 that
apply to regulated financial institutions, including the impact of setoff
rights.
BOARD ACTIONS
No Board meetings were held during the week of May 31, 2004.
FUTURE OPEN MEETINGS
The following is a list of open meetings tentatively scheduled through
July. Because schedules may change, please check the FASB calendar before
finalizing your plans. Revisions to this list since the last issue of
Action Alert are highlighted in bold.
Monday, June 21, 2004—FASB Education Session
Tuesday, June 22,
2004—Financial Accounting Standards Advisory Council Meeting
Thursday,
June 24, 2004—Equity-Based Compensation Roundtable Discussion, Palo Alto,
CA
Tuesday, June 29, 2004—Equity-Based Compensation Roundtable
Discussion, Norwalk, CT
Wednesday, June 30, 2004—FASB Board
Meeting
Wednesday, June 30, 2004—Emerging Issues Task Force
Meeting
Thursday, July 1, 2004—Emerging Issues Task Force
Meeting
Wednesday, July 7, 2004—FASB Education Session
Wednesday,
July 14, 2004—FASB Board Meeting
Wednesday, July 14, 2004—FASB
Education Session
Wednesday, July 21, 2004—FASB Board
Meeting
Wednesday, July 21, 2004—FASB Education Session
Monday, July
26, 2004—Liaison Meeting with the Edison Electric Institute
Tuesday,
July 27, 2004—FASB Board Meeting
Tuesday, July 27, 2004—FASB Education
Session
|
|