SEC roundtable on fair value accounting
29 Jun 2008
The US Securities and Exchange Commission will host a public roundtable on fair value accounting standards on 9 July 2008, at the Commission's headquarters in Washington, D.C.
The roundtable will be webcast live and later archived on the SEC's Website. The purpose of the roundtable is to facilitate an open discussion of the benefits and potential challenges associated with existing fair value accounting and auditing standards. The roundtable will be organized as two panels with the first panel discussing fair value accounting issues from the perspective of larger financial institutions and the needs of their investors; and the second panel discussing the issues from the perspective of all public companies, including small public companies, and the needs of their investors. The panel discussions will focus on:
- the usefulness of fair value accounting to investors
- potential market behavior effects from fair value accounting
- practical experience and potential challenges in applying fair value accounting standards
- aspects of the current standards, if any, that can be improved
- experience with auditors providing assurance regarding fair value accounting
