Committee on Corporate reporting (CCR) staff liaisons.

• Position: FEI TECHNICAL COMMITTEES - Conference news

Committee on Corporate reporting (CCR) Staff Liaison: Christine DiFabio cdfabio@financialexecutives.org

Current key Issues of the committee include: The potential move from U.S. GAAP reporting to International Financial Reporting Standards (IFRS); the impacts of FAS 157, Fair Value Measurements and ongoing implementation issues and the impact to both financial and non-financial assets and liabilities; pending effective date beginning Jan. 1, 2008 (for calendar year companies) of FAS 141R, Business Combinations; improvements to financial reporting as suggested by the SEC Advisory Committee on improvements to financial reporting (CIFiR); and proposed mandate of financial statement filings in extensible Business Reporting Language (XBRL).

CCR's June 19 and 20 meeting in Stamford, Conn., included a two-hour, full public board session with Financial Accounting Standards Board (FASB) members.

Its March 5-7 meeting at the Ritz Carlton in Dana Point/Laguna Niguel, Calif., included updates from George Batavick, FASB member and Mary Barth, International Accounting Standards Board (IASB) member. The meeting included a four-hour session on IFRS led by Joel...