In this issue:

Francesco Bellandi (Member of International Accounting & Auditing Committee of the New York State Society of CPAs) discusses the other comprehensive income dilemma
KC Rottok (RSM Betty & Dickson) discusses auditing impairment tests during a recession
Jude Doliente (RSM Prince) reports on credit risk in liability measurement
and finally
Stefano Bianchi (RSM Italy) takes us through purchase price allocation, in the Top Ten Topics section.

The Document can be downloaded at the Publications section.