Deconstructing Fair Value

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By Edith Orenstein, FEI Financial Reporting Blog - According to the agenda and list of panelists released in advance of SEC’s July 9 Fair Value Roundtable, the panels will address “the benefits and potential challenges associated with existing fair value accounting and auditing standards.”

The SEC’s roundtable and other forums such as the IASB’s Expert Advisory Panel on Valuation in Inactive Markets are responding to requests by the G-7, the Financial Stability Forum, and Presidents Working Group (PWG) to address concerns about application of fair value accounting in illiquid markets.

Read more about FAS 157, related interpretive guidance, and views expressed by some commentators thereon here.

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