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Heads Up – interim period fair value disclosures

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04 Feb 2009

The US Financial Accounting Standards Board has invited comment on a proposed FASB Staff Position (FSP) that would extend the fair value disclosures currently required in annual reports under FASB Statement 107 to interim reports (to the extent it is practicable to estimate fair value).

The new disclosures would be effective prospectively for interim periods ending after March 15, 2009. Therefore, calendar-year-end entities would provide comparative fair value disclosures for first quarter 2009 and year-end 2008. This issue of Heads Up (PDF 84k) explains the proposal.

 

Correction list for hyphenation

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