Heads Up on fair value measurements

  • Heads Up Image

16 Feb 2008

Deloitte & Touche LLP (United States) has published the 15 February 2008 edition of the Heads Up Newsletter that summarises the FASB's recent issuance of two Staff Positions on Statement 157 Fair Value Measurements:

  • FAS 157-2, which partially defers Statement 157's effective date, and
  • FAS 157-1, which excludes FASB Statement No. 13 Accounting for Leases, as well as other accounting pronouncements that address fair value measurements on lease classification or measurement under Statement 13, from Statement 157's scope.
The IASB is working on a Fair Value Measurement Project. In November 2006, the IASB issued a wrap-around Discussion Paper inviting comments on FAS 157. The Board plans to hold public roundtables on the issues in the second quarter of 2008.
Click to view the Heads Up newsletter (PDF 119k).


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