DataLine 2010-36: Stock-Compensation Arrangements - Accounting for Clawbacks
The Dodd-Frank Wall Street Reform and Consumer Protection Act, was signed into law by President Obama on July 21, 2010. The Act includes a requirement that all U.S. public companies incorporate so-called clawback provisions into incentive compensation arrangements for executive officers. Those clawback provisions will be triggered in the event of certain accounting restatements, and require companies to recover any excess compensation resulting from the misstated financial results during the 3-year period prior to the restatement.Companies have also implemented or are considering other types of clawback features beyond those required in the Act. This DataLine addresses the impact of these clawback features on the accounting for stock-based compensation arrangements.
PricewaterhouseCoopers09/02/2010
DataLine 2010-35: Financial Statement Presentation -- A Look at the FASB and IASB's Staff Draft
In July 2010, the FASB and IASB issued a 'Staff Draft' of the Exposure Draft on Financial Statement Presentation to facilitate additional outreach efforts. The staff draft contains significant changes from the discussion paper issued in 2008 and incorporates much of the feedback from comment letters and field tests. This DataLine discusses the key tentative decisions reached by the boards and reflected in the staff draft, together with information the firm has obtained through its observations of board meetings and project updates published by the boards.
PricewaterhouseCoopers08/26/2010
