Heads Up on new US fair value option

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24 Feb 2007

In our news story of 16 February 2007, we reported that the US Financial Accounting Standards Board has issued a standard that provides companies with an option to report selected financial assets and liabilities at fair value.

Statement 159 The Fair Value Option for Financial Assets and Financial Liabilities also establishes presentation and disclosure requirements designed to facilitate comparisons between companies that choose different measurement attributes for similar types of assets and liabilities. Deloitte (United States) has prepared a Special Issue of the Heads Up Newsletter (PDF 120k) explaining FASB's new fair value option.

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