Greetings from the world of Advocacy! I am rolling out my new blog, "Advocacy Corner". As you know, I have been providing periodic updates in Strategic Finance and ION about the work of our technical committees and panels. The blog will allow for me to provide regular updates. I think that it is important for our members and external constituents to be aware of what issues our committees and panels are monitoring on a real time basis. The following are meeting schedules and list of topics monitored by each committee and panel. Unless otherwise indicated, all meetings and teleconferences are scheduled under the EDT time zone:
Meeting schedule for Financial Reporting Committee (FRC)
1. Teleconference - August 28, 2012 - Noon - 1pm
2. Annual meeting at FASB headquarters - September 21, 2012 - 8:30am - 4pm
Technical issues monitored by FRC
1. FASB Exposure Draft - Presentation of Items Reclassified Out of Accumulated Other Comprehensive Income (Comment Letter Deadline - 10/15/12
)
Meeting schedule for Small Business Financial and Regulatory Affairs Committee (SBFRC)
1. Teleconference - August 28, 2012 - 4pm - 5pm
2. Teleconference - October 30, 2012 - 4pm - 5pm; Guest speakers - FASB member and staff to provide Small Business Update
Technical issues monitored by SBFRC
1. FASB Invitation to Comment on Private Company Framework (Comment Letter Deadline - 10/31/12)
Meeting schedule for XBRL Committee
1. Teleconference - Septemer 19, 2012 - 2pm - 3pm
2. Teleconference - October 17, 2012 - 2pm - 3pm
Technical issues monitored by XBRL Committee
1. Draft outline for Integrated Reporting Framework
Meeting schedule for COSO Advisory Panel
1. Tentative plans for next teleconference - sometime during the week of September 30, 2012
Technical issues monitored by COSO Advisory Panel
1. COSO's Internal Control Framework Refresh Project
Other issues
IMA has plans to comment on the FASB's Disclosure Framework through feedback from some of our technical committees. This proposed framework will have a significant impact on management accountants that have the responsibility of preparing financial statements
for their companies. It is important that positions issued by our technical committees reflect general thoughts among IMA's membership. Please take advantage of obtaining updates on this blog and inform me of any thoughts you may have on the framework that should be incorporated in a letter issued by IMA. Please share your comments with me at LMills@imanet.org.