A widespread sentiment in the valuation industry is that a reporting unit with a zero or negative carrying amount should not get a "free pass" in Step 1 because of certain accounting interpretations
A former managing partner with Ernst & Young LLP, and commissioner of California's department of financial institutions and superintendent of banking for the state, Hewitt will oversee accounting interpretations
, international accounting matters, professional practice issues and lead the SEC's work on implementing the SOX internal controls provisions.
Category D includes AICPA accounting interpretations
and implementation guides (questions and answers) published by the FASB staff and practices that are widely recognized and prevalent either generally or in the industry.
AICPA Accounting Interpretations
, Q&As published by the FASB staff, and industry practices widely recognized and prevalent.
This opinion, which guides current practice, proved to be so complex and controversial that by 1971 the AICPA had published 102 accounting interpretations
related to it.
Category (d) includes AICPA accounting interpretations
and implementation guides ("Qs and As") published by the FASB staff, and practices that are widely recognized and prevalent either generally or in the industry.
Actual outcomes and results may differ materially from those expressed in, or implied by, any of these forward-looking statements, because of, among other things, certain obligations under and provisions contained in the agreements with Fannie Mae and Freddie Mac, the adequacy of the liability for the remaining representations and warranties exposure to the GSEs, the potential assertion and impact of additional claims not addressed by the Freddie Mac and Fannie Mae agreements, accounting interpretations
and analysis regarding goodwill accounting as well as the risks and uncertainties set forth in Bank of America's SEC filings.
There's also an extensive and highly useful glossary of terms commonly used in compensation, as well as a series of appendices with summaries of selected laws, Internal Revenue Service codes and accounting interpretations
AICPA accounting interpretations
, as well as practices that are widely recognized and prevalent in the industry.
The following pronouncements were considered: Accounting Research Bulletins (ARBs), Accounting Principles Board Opinions (APBs), AICPA Accounting Interpretations
(AINs), Statements of Financial Accounting Standards (FASs), and FASB Interpretations (FINs).
Eliminate cumbersome manual processes, freeing up time for critical accounting interpretations
The Company has yet to resolve the application of certain technical accounting interpretations
with its prior and current auditors.