With the flurry of regulatory activity that may or may not impact any given company’s financial reporting requirements, the quarter close seems an appropriate time to run a checklist of recent events to assure they’ve been considered and addressed. PricewaterhouseCoopers has provided just such a resource in its recent “Quarter Close” alert, summarizing the big issues of the second quarter that should be top of mind as companies close the books and move into the second half.

The alert touches on the accounting rules that have taken effect, most notably staff positions from the Financial Accounting Standards Board that addressed fair-value measurement and impairment issues in the midst of economic chaos. It also touches on issues that may be catching some companies off guard as they implement new rules on consolidating the financial results of subsidiaries, which changes the way companies present net income figures when they consolidate subsidiaries in which they own a non-controlling interest.

PwC’s alert also looks ahead to issues that will soon require attention, such as FASB’s new standards on transfers of financial assets and variable interest entities, which will bring new assets onto corporate balance sheets as they take effect. It summarizes issues that the Securities and Exchange is focusing on these days, such as goodwill impairments, updated guidance on business combinations and consolidations, adoption of new standards, and XBRL.

“These are things people ought to be thinking about,” said Jan Hauser, a partner at PwC. “We are trying to sort through the information that needs to be top of mind for people to make sure they don’t miss anything. We tried to pare it down to things people need to know now, things that are coming up, and things that are on the horizon.”

Along those same lines, Protiviti produced a separate resource that helps sort out the myriad questions that are arising as a result of the financial crisis. The firm has assembled nearly 150 questions and answers addressing a multitude of issues, including accounting issues. It examines the various views and latest developments around fair value, the current direction around International Financial Reporting Standards, and accounting considerations around the TARP Capital Purchase Program.