FASB issues two mark-to-market proposals
18 Mar 2009
The US Financial Accounting Standards Board published for comment the two proposed FASB Staff Positions (FSPs) on fair value measurements and impairments of financial instruments that we mentioned in our 17 March 2009 news story.
The comment deadline for both is 1 April 2009. The IASB discussed drafts of these proposals at its meeting yesterday.
- Proposed FSP FAS 157-e Determining Whether a Market Is Not Active and a Transaction Is Not Distressed (PDF 62k)
- Proposed FSP FAS 115-a FAS 124-a, and EITF 99-20-b Recognition and Presentation of Other-Than-Temporary Impairments (PDF 80k)
- FASB news release (PDF 58k).
