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FASB Issues New Disclosure Guidance for Fair Value Measurements
February 01, 2010
Last week, the Financial Accounting Standards Board issued Accounting Standards Update No. 2010-06 "Improving Disclosures about Fair Value Measurements" ("ASU 2010-06"). ASU 2010-06 amends the FASB's existing Topic 820, Fair Value Measurements and Disclosures, to require expanded disclosures in financial statements about fair value… read more
FASB to Postpone FAS 167 for Funds
November 13, 2009
The Financial Accounting Standards Board (FASB) voted this week to postpone the application of a new accounting standard, Statement 167 (FAS 167), to mutual funds, money market funds, private equity funds and hedge funds. The FASB will issue an exposure draft on the… read more
FASB Proposes Changes to Fair Value Disclosures
October 21, 2009
In September, the Financial Accounting Standards Board (FASB) issued a draft proposal including new standards for disclosures regarding recurring and non-recurring fair value measurements. The most radical proposed change is to disclosures about the sensitivity of fair value measurements of "Level 3" securities to… read more
SEC’s Chief Accountant Issues Interpretive Bulletin
April 21, 2009
The Securities and Exchange Commission’s Office of the Chief Accountant and Division of Corporation Finance have announced the release of Staff Accounting Bulletin (SAB) No. 111. This interpretive guidance replaces some previous SEC guidance (Other Than Temporary Impairment of Certain Investments in… read more
New Fair Value Guidance Proposed
April 03, 2009
The Financial Accounting Standards Board has proposed guidance on valuing financial assets with inactive markets. The proposed FASB Staff Position, FAS 157-e, would replace the FASB's October 2008 guidance, FAS 157-3, with regard to transactions in inactive markets. Rather than the approach of FAS… read more