Updating cas disclosure statements

Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IAS 10 Events After The Reporting Period contains requirements for when events after the end of the reporting period should be adjusted in the financial statements.

This site uses cookies to provide you with a more responsive and personalised service.

Adjusting events are those providing evidence of conditions existing at the end of the reporting period, whereas non-adjusting events are indicative of conditions arising after the reporting period (the latter being disclosed where material).

IAS 10 was reissued in December 2003 and applies to annual periods beginning on or after 1 January 2005.

If you do not have an IU Username, submit your annual disclosure using the manual Disclosure Form.

In the early 1970's, the Cost Accounting Standards Board (CASB) was created by Congress to address allegations of inconsistent costing practices by recipients of federal awards, e.g.

Defense Department contractors, and to develop costing standards. Department of Health and Human Services in Washington D.

In 1996 OMB formally incorporated CASB cost accounting standards into OMB A-21, which requires universities to confirm their compliance with the standards and to complete a formal Disclosure Statement (DS-2) if the university receives over million in federal funding. Subsequent to the delivery of mortgage loans to Fannie Mae, servicers may transfer servicing activities to other Fannie Mae approved servicers.In addition, servicers may transfer servicing to or from subservicers.In November of 2015, Fannie Mae experienced an increased amount of servicing transfers which likely caused a corresponding increase in the number of loans which were reported as having experienced 30-day delinquencies in the same month.In December of 2015, the aggregate number of loans which were reported as having experienced 30-day delinquencies decreased and is more consistent with months prior to November 2015.[IAS 10.3] Non-adjusting event: An event after the reporting period that is indicative of a condition that arose after the end of the reporting period.

Tags: , ,