Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » Government Documents » FASB: Determining whether a market is not active and a transaction is not distressed

FASB: Determining whether a market is not active and a transaction is not distressed

by on

April 2, 2009 Board Meeting – “Determining whether a market is not active and a transaction is not distressed. The Board discussed comment letters received on proposed FSP FAS 157-e, Determining Whether a Market Is Not Active and a Transaction Is Not Distressed. In response to comment letters and additional feedback received, the Board decided to make significant revisions to the proposed FSP. The Board decided that the final FSP would

  • 1. Affirm that the objective of fair value when the market for an asset is not active is the price that would be received to sell the asset in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions (that is, in the inactive market)…”
  • Deloitte: Board Approves Three FASB Staff Positions in an Attempt to Clarify Fair Value Accounting, April 2, 2009
  • New York Times: Banks Get New Leeway in Valuing Their Assets
    • LinkedIn

    Sorry, comments are closed for this post.