U.S. Assurance Publications

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Updated: 5 hours 24 min ago

FASB Flash Report - June 2013

Wed, 06/12/2013 - 12:00am

On June 11, 2013, the American Institute of Certified Public Accountants (AICPA) released its 206-page Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs OR the framework), which is a new accounting framework option designed to help small businesses prepare streamlined, relevant financial reports. This special purpose framework is an “other comprehensive basis of accounting” (OCBOA) and is intended for smallerto medium-sized for-profit private companies that do not need U.S. generally accepted accounting principles (GAAP) financial statements. However, the framework is neither authoritative nor is its use required. The framework is available for immediate use by incorporated or unincorporated entities across various industries. Specific industry guidance is not included in the framework. The framework is not intended as a substitute for GAAP when GAAP-based financial statements are necessary, as determined by the management of a private company and its financial statement users.


Access to Capital Markets

Fri, 05/31/2013 - 12:00am
A snapshot of BDO's IPO credentials and "Top 25" SEC clients, including select underwriters involved in BDO client offerings.

Assurance Flash Report - May 2013

Wed, 05/15/2013 - 12:00am

On May 14, 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) issued an updated Internal Control–Integrated Framework (Framework) and related illustrative documents. The Framework, originally published in 1992, is recognized as the leading guidance for designing, implementing and conducting internal control and assessing its effectiveness


BDO Board Reflections - April 2013

Mon, 04/15/2013 - 12:00am

Fraud in Foreign Markets, Cyber Attacks, M&A Plans and the Sequester Among Top Issues at 2013 Shareholder Meetings

BDO Board Reflections - February 2013

Thu, 02/21/2013 - 12:00am

Communications with Audit Committees – Overview of PCAOB Auditing Standard No. 16

2013 BDO Board Reflections

Thu, 02/07/2013 - 12:00am

In August 2012, the Public Company Accounting Oversight Board (PCAOB) adopted Auditing Standard (AS) No. 16, Communications with Audit Committees. The PCAOB believes its adoption is in the public interest as it establishes requirements that enhance the relevance, timeliness and quality of the communications between the auditor and the Audit Committee, while also better aligning with the requirements of the Sarbanes-Oxley Act of 2002 to facilitate Audit Committees’ financial reporting oversight. AS 16 largely retains previous guidance and does not impose any new performance requirements (i.e., auditing procedures) on the auditor. Rather, it expands and/or enhances current communication requirements between the auditor and the Audit Committee to align and complement auditing procedures already required by other PCAOB audit and risk assessment standards.


2013 BDO IPO Outlook

Tue, 01/22/2013 - 12:00am

The BDO IPO Outlook Survey is a national telephone survey interviewing 100 capital market executives.

BDO Director Discussion Guide

Tue, 01/01/2013 - 12:00am

This discussion guide practice aid may be used by those charged with governance to facilitate the development of the success profile for the CEO and/or other top leadership positions. The success profile describes the leadership roles and critical competencies needed to execute the long-term strategy of an organization. Future performance expectations for the organization as well as both anticipated and unanticipated challenges define the long-term strategy.


BDO Executive Assessment Results and Development Plan Practice Aid

Tue, 01/01/2013 - 12:00am
This practice aid presents a sample summary of the assessment results for an internal candidate for CEO role or other leadership position and identified actions steps in assisting those charged with governance in building a customized plan for the candidate's development. It centers on the following areas for consideration:
  • Candidate Background Information
  • Strengths, Management Style and Career Interests
  • Competency Assessment and Review
  • Developmental Goals and Approaches
  • Candidate and Executive Team Competency Profiles

BDO Assessment Instruments Practice Aid

Tue, 01/01/2013 - 12:00am

This practice aid provides a brief overview of assessment tools that may be used by those charged with governance in the form of typical instruments used to identify the strengths, competencies, leadership style, decision making approach, and other personality and skill characteristics in their succession planning initiatives. BDO does not endorse a particular instrument. The instruments described in this overview are shown as examples of structured inventories. For further information of some of the instruments referenced below, you may consider visiting: https://www.cpp.com/products/index.aspx.


BDO Flash Report - August 2012

Sun, 08/12/2012 - 12:00am

The BDO Audit Flash report highlights the recent release of the Public Company Accounting Oversight Board (PCAOB) Auditing Standard (AS) No. 16,Communications with Audit Committees, and transitional and related amendments to other PCAOB standards. This standard, upon approval by the SEC, expands and/or enhances requirements emphasizing the relevance, timeliness and quality of the communications between the auditor and audit committees of issuers and nonissuer broker dealers.


2012 BDO IPO Halftime Report

Tue, 07/10/2012 - 12:00am

Executive Summary

BDO Flash Report - SEC Matters

Thu, 05/17/2012 - 12:00am

The Securities and Exchange Commission (SEC) hosted a public roundtable in Washington, D.C. and via live webcast on December 5, 2013 to discuss the use of proxy advisory firm services by institutional investors and investment advisers. In 2010, the SEC issued a concept release seeking public comment on the services provided by proxy advisory firms and on potential conflicts of interest and transparency in the proxy advisory industry. The SEC said the roundtable will provide a forum to discuss these issues.


BDO Knows: The Jumpstart Our Business Startups Act – April 2012

Tue, 04/17/2012 - 12:00am

On April 5, 2012, President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law.1 The Act was approved by Congress in late March. A primary goal of the JOBS Act is to improve small companies’ access to public capital markets. The Act amends a number of provisions of the securities laws to ease the process and costs associated with raising capital from the public.


Initial Offerings Newsletter - Spring 2012

Tue, 04/10/2012 - 12:00am

U.S. IPO Activity Builds Momentum in Q1

BDO Board Reflections – March 2012

Thu, 03/29/2012 - 12:00am

European Debt Crisis, Increased M&A and Executive Compensation among Top Issues at 2012 Share Holder Meetings.

BDO Board Reflections - January 2012

Mon, 02/13/2012 - 12:00am

Considerations for Nominating Committees

2012 BDO IPO Outlook

Tue, 01/17/2012 - 12:00am

The BDO IPO Outlook Survey is a national telephone survey interviewing 100 capital market executives.

2012 BDO Board Reflections

Sun, 01/01/2012 - 12:00am

Numerous rules have been put into place by regulators since the enactment of the SarbanesOxley Act (2002) and the passage of the Dodd-Frank Act (2010), including revisions to national stock exchange listing requirements. These rules, coupled with current proposals, are being designed to address the unease and unrest of shareholders and the public left by the global financial crisis and scandals that climb the corporate ladders right on up into the boardrooms. The onus has been thrust onto boards to ensure these rules are being followed to protect the future interests of the organizations that they serve.