SEC and FASB clarify fair-value accounting standard
Courtesy of the DechartOnPoint Bulletin, we offer a look at how fair-value accounting stands in the light of new statements from the SEC and FASB. It offers details of how investments and assets should be assessed, especially under FAS 157. The new rules may provide a measure of comfort to companies that reasonably believe current market prices for certain assets reflect fire-sale prices or transactions in disorderly markets.
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