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SEC Announces October 29 Roundtable on Mark-to-Market Accounting
October 16, 2008
The Securities and Exchange Commission announced today that it would hold the first of its two roundtables on mark-to-market accounting and current market conditions on October 29, 2008 at 9:00AM Eastern. Though the specific agenda and list of participants and moderators will be announced closer… read more
SEC Commences Congressionally Mandated Study of Mark-to-Market Accounting
October 08, 2008
Yesterday, the SEC announced the commencement of a study of the mark-to-market accounting standards provided for in FASB Statement 157. Section 133 of the Economic Stabilization Act of 2008 instructs and authorizes the SEC, in consultation with the Federal Reserve and the Treasury, to conduct… read more
FASB Proposes Amendments to FAS 157 on Fair Value Measurments
October 06, 2008
The Financial Accounting Standards Board has proposed a FASB Staff Position (FSP FAS 157-d) to clarify FAS 157's application in an inactive market by providing an illustrative example to "demonstrate how the fair value of a financial asset is determined when the market… read more
SEC Office of the Chief Accountant and FASB Staff Clarifications on Fair Value Accounting
October 01, 2008
The SEC's Office of the Chief Accountant and FASB Staff issued clarifications of FASB Statement 157 on the use of fair value measurements and "mark to market" accounting, particularly in instances of other than temporary impairment. The clarification provides guidance on the following questions: Can… read more