News Centre

Dalian Commodity Exchange: Notice On Setting Designated Delivery Warehouse Of No. 1 Soybeans

Date 10/12/2015

CME Group Inc. Declares Annual Variable Dividend Of $2.90 Per Share

Date 09/12/2015

CME Group Inc. (NASDAQ: CME) today declared its annual variable dividend, amounting to $2.90 per share.  The dividend is payable January 12, 2016, to shareholders of record on December 28, 2015.  When CME Group adopted its annual variable dividend structure in February 2012, the intention was to determine the excess cash available at the end of each year, with the level to increase or decrease from year to year based on operating results, potential investment activity and other forms of capital return. 

SEC: Remarks Before The 2015 AICPA National Conference On Current SEC And PCAOB Developments, Michael W. Husich, Senior Associate Chief Accountant, Office Of The Chief Accountant

Date 09/12/2015

Introduction

Good morning. Today, I want to share a few thoughts about auditor independence, including our consultation process in the Office of the Chief Accountant (“OCA”) and some reminders that I hope you will find helpful.

OCA Auditor Independence Consultation Process

OCA has an experienced team available to respond to independence consultations. In many cases, the calls we receive can be resolved by directing someone to the relevant Commission or staff guidance. However, we also receive a steady stream of consults that are interpretive in nature, and some may require a much deeper analysis, if the existing guidance is not exactly on-point.

SEC: Remarks Before The 2015 AICPA Conference On Current SEC And PCAOB Developments, Christopher M. Rickli, Professional Accounting Fellow, Office Of The Chief Accountant, AICPA National Conference On Current SEC And PCAOB Developments, Washington, DC

Date 09/12/2015

Introduction

Good morning. I would like to speak with you today about two topics: the allowance for loan losses and consolidation.

Staff Accounting Bulletin No. 102 reminders

The GAAP objective of the allowance for loan losses is to capture management’s best estimate of probable incurred credit losses as of the reporting date.[1] For financial services companies, the allowance for loan losses represents one of the most significant estimates in the financial statements. For auditors, the risk of material misstatement for the allowance for loan losses often represents a significant risk due to the degree of complexity and judgment involved in the measurement of the allowance.

SEC: Remarks Before The 2015 AICPA Conference On Current SEC And PCAOB Developments, Courtney D. Sachtleben, Professional Accounting Fellow, Office Of The Chief Accountant, AICPA National Conference On Current SEC And PCAOB Developments, Washington, DC

Date 09/12/2015

Introduction

Good morning. It is a pleasure to be here. Over the past year, OCA has been working closely with the Division of Corporation Finance and others, including the PCAOB, to emphasize the objectives and principles outlined in the guidance on segment reporting. You will hear more from the Division of Corporation Finance tomorrow but today, I would like to highlight a couple of observations from these efforts, including around the identification of operating segments and aggregation into reportable segments.

SEC: Remarks Before The 2015 AICPA National Conference On Current SEC And PCAOB Developments - Kris Shirley, Professional Accounting Fellow, Office Of The Chief Accountant

Date 09/12/2015

Good morning everyone. Today I would like to provide some considerations for entities regarding fair value measurement.

Identifying Principal or Most Advantageous Market

First, I would like to discuss some considerations for a company when identifying the principal or most advantageous market. In order to provide some background, let us first revisit the fair value measurement guidance outlined in ASC Topic 820 and consider what it says about the principal or most advantageous market.

SEC: Remarks Before The 2015 AICPA National Conference On Current SEC And PCAOB Developments, Barry Kanczuker, Associate Chief Accountant, Office Of The Chief Accountant, AICPA National Conference On Current SEC And PCAOB Developments, Washington, DC

Date 09/12/2015

Introduction

Good morning. It is an honor to be here with you. Today, I would like to discuss observations regarding the presentation of discontinued operations and the impact of post-vesting restrictions on the measurement of share-based payments.

Presentation of Discontinued Operations

A high quality accounting standard results in financial statements that provide transparent financial information that accurately depicts the economics of the underlying transactions. High quality accounting standards increase the usefulness of financial statements to investors and the capital markets. The FASB issued new guidance on reporting discontinued operations with one of its objectives being to make financial statements more meaningful by addressing concerns that too many disposals were qualifying for discontinued operations presentation.

SEC: Remarks Before The 2015 AICPA National Conference On Current SEC And PCAOB Developments, Ashley Wright, Professional Accounting Fellow, Office Of The Chief Accountant, AICPA National Conference On Current SEC And PCAOB Developments, Washington, DC

Date 09/12/2015

Introduction

Good morning. This morning I want to share observations related to two topics. The first relates to certain aspects of a sponsor’s accounting for a single-employer defined benefit pension plan, and the second focuses on implementation of the new revenue recognition standard.

Changes in Key Assumptions to Certain Pension Accounting Measurements

We understand that some companies, their actuaries, and their accountants have recently considered revising their approach to certain pension accounting computations and, after considering their specific facts and circumstances, have viewed these revisions to be enhancements to their computations. Among other considerations, companies have considered different approaches to developing key assumptions – the discount rates – used to compute the interest cost component of a sponsor’s net benefit cost for a single-employer defined benefit pension plan. OCA staff has recently consulted with companies and accounting firms on two approaches to developing the key discount rate assumptions – a single weighted-average approach and a disaggregated approach, referred to as the “spot rate” approach.

SEC: Remarks Before The 2015 AICPA National Conference On Current SEC And PCAOB Developments, Christopher D. Semesky, Professional Accounting Fellow, Office Of The Chief Accountant, AICPA National Conference On Current SEC And PCAOB Developments, Washington, DC

Date 09/12/2015

Introduction

Good morning. I would like to address some recent considerations with respect to customer incentives, make a few observations about the new consolidation guidance, and end on a quick point about the impact of foreign exchange restrictions.

Customer Incentives

Within the past year, OCA has received consultations from registrants regarding the application of the customer payments and incentives guidance in Subtopic 605-50. As a reminder, that guidance provides that all payments to customers should be considered, and that the scope does not stop at the vendor’s direct customer, but explicitly includes other parties in the vendor’s distribution chain.

CFTC To Hold An Open Commission Meeting On December 16th To Consider Final And Proposed Rules

Date 09/12/2015

U.S. Commodity Futures Trading Commission (CFTC) Chairman Tim Massad announced today that the Commission will hold an open meeting on Wednesday, December 16, 2015 at 10:30 a.m. to consider the following:

Proposed Rule: DCR System Safeguards

Proposed Rule: DMO System Safeguards Testing Requirements

Final Rule: Margin for Uncleared Swaps