EESA Includes Mark-to-Market Provisions

By Edith Orenstein, FEI Financial Reporting Blog - The Emergency Economic Stability Act of 2008 (EESA), slated for a House vote on Monday Sept. 29, included two provisions related to mark-to-market (MTM) accounting, also called fair value (FV) accounting, particularly as set forth in FASB Statement No. 157, Fair Value Measurement (FAS 157). Section 132 reiterated the SEC's authority to suspend fair value accounting, and Section 133 called for the SEC to conduct a special study. Read more here.

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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