AICPA issues proposed financial instruments disclosure framework

  • US_AICPA Image

Jul 12, 2017

In July, 2017, as global accounting standards as well as requirements promulgated by other standard-setting bodies increasingly call for measurements and disclosures that comply with a defined measurement objective, the American Institute of Certified Public Accountants (AICPA) has issued an Exposure Draft of a proposed disclosure framework for the valuation of financial instruments.

The purpose of the ED, entitled Disclosure Framework for the Valuation of Financial Instruments is to provide a framework for the valuation professional when engaged or assigned to provide fair value and other measurements of financial instruments and components thereof. By design, the framework does not provide instructions on how to arrive at a valuation conclusion, but instead, the documents provide valuation professionals with guidance on the level of documentation and substantiation that is required when performing, reviewing or working with securities or financial instrument valuations.

Comments on the Exposure Draft are requested by September 27, 2017.

For more in­for­ma­tion, see summary on the AICPA’s website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.