SEC Seeks Comment On Fair Value Accounting By July 23

Posted by accountingweb on Jul 17 2008 750 printer friendly

By Edith Orenstein, FEI Financial Reporting Blog - A Request for Comment’ was included in SEC's 'Notice of Roundtable Discussion” posted July 3 (Fed Reg, July 9) in advance of their July 9 Roundtable on Fair Value Accounting. This was briefly referenced by Chief Accountant Conrad Hewitt and Deputy Chief Accountant Jim Kroeker at the roundtable. It is not uncommon for SEC to include a request for comment in conjunction with a roundtable or advisory committee meeting, to solicit wider input. Comments, due July 23, are being posted on SEC’s website.

We previously reported that SEC Chairman Christopher Cox concluded the July 9 roundtable by saying: “The Commission and staff will meet with FASB and PCAOB to consider next steps, making certain Fair Value accounting truly serves the interest of investors and all users of financial statements.”

As promised, we have posted additional highlights from the roundtable, 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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