Defining Issues: Broker-Dealers and Their Auditors Face New Requirements

• KPMG Comments on FASB's Proposal about Principal versus Agent Analysis Financial Reporting Network | Feb. 20, 2012 | Publications KPMG LLP recently commented on proposed FASB ASU, Principal versus Agent Analysis.

   

• Updates of Certain Specialized Industry Disclosure Checklists Financial Reporting Network | Feb. 13, 2012 | Article KPMG LLP recently updated the Specialized Accounting Disclosure Checklists for Broker-Dealers and Health Care, and their respective WhatÂ’s New documents.

   

• Interagency Supervisory Guidance About Estimation Practices for the Allowance for Loan and Lease Losses (ALLL) Related to Junior Lien Loans Financial Reporting Network | Feb. 13, 2012 | Publications On Jan. 31, the federal financial institution regulatory agencies jointly issued supervisory guidance about estimation practices for the allowance for loan and lease losses (ALLL) related to loans and lines of credit secured by junior liens on 1–4 family residential properties.

   

• Perspective on Management's Responsibilities for Fair Value Measurements Financial Reporting Network | Feb. 08, 2012 | Article The SEC staff has communicated in recent speeches and comment letters its increased focus on managementÂ’s responsibility for fair value measurements of investment securities when using third-party pricing vendors.

   

• KPMG Newsletter Addresses Dodd-Frank Act Financial Reporting Network | Feb. 06, 2012 | Publications KPMG's Americas' Financial Services Regulatory Center of Excellence released the January 2012 issue of its newsletter, Dodd-Frank Quick Hits. The newsletter provides an overview of the key aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act across virtually all industry lines.

   

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