FEI Responds To FASB's Proposals On Fair Value, OTTI
Earlier today, FEI's Committee on Corporate Reporting (CCR) filed comment letters with the Financial Accounting Standards Board on FASB's recent proposals to improve guidance for fair value in inactive markets, and other-than-temporary-impairment (OTTI).
FASB is scheduled to vote at its board meeting tomorrow morning (Thursday April 2nd) on whether to issue the two proposals (Proposed FASB Staff Positions or FSPs) as final guidance, and whether to make any changes from the proposals based on comments received.
See the links to FEI's comment letters, FASB's proposals, and all comment letters posted by FASB so far, below.
FEI CCR letter to FASB on Proposed FSP FAS 157-e, Determining Whether a Market Is Not Active and a Transaction Is Not Distressed (See the Proposed FSP; comment deadline April 1.) (See all the related comment letters posted by FASB so far.)
FEI CCR letter to FASB on Proposed FSP FAS 115-a, FAS 124-a and EITF 99-20-b, Recognition and Presentation of Other-Than-Temporary Impairments. (See the Proposed FSP; comment deadline April 1.) (See all the related comment letters posted by FASB so far.)
As of 7:30 pm EST April 1, FASB has received and posted over 350 comment letters on the fair value proposal, and over 275 comment letters on the OTTI proposal.