CAQ Public Policy and Technical Alert, May 2015

Each month, the CAQ Public Policy and Technical Alert highlights and examines regulatory, standard-setting, legislative, and broader financial reporting developments impacting the public company audit profession. Please note that this alert is intended as general information and should not be relied upon as being definitive or all-inclusive. The CAQ encourages member firms to refer to the rules, standards, guidance, and other resources in their entirety.

In This Issue:

• PCAOB issues Audit Committee Dialogue

• SAG meeting to focus on use of specialists, accounting estimates

• Hanson: What the PCAOB is hearing from audit committees, preparers

• U.S. Chamber seeks dialogue on ICFR, inspection process

• Schnurr: Little support for mandating IFRS

• Commissioner Gallagher to resign

• Business groups recommend EDGAR improvements

• FASB to launch consultation on ‘big ticket’ issues

• FASB issues three new, two proposed ASUs

• FAF: Statement 160 achieving its purpose

• IASB issues proposal to defer revenue recognition standard’s effective date

• IASB proposes enhancements to Conceptual Framework

• House committee approves bills to promote small business capital formation

• Educational video promotes Call to Action

• CAQ launches new online video series

• Stacie Morales joins the CAQ as Senior Director of Strategy

• Upcoming Events