With all the talk about fair value accounting during the current credit crisis, I feel the need to make some clarifications about FAS 157 and fair value accounting.
Bob Hertz, the Chairman of the FASB, gave an excellent speech last week. You can read it at the following link: http://www.fasb.org/news/09-18-08/herz_speech.pdf
Also, the SEC has provided some additional [...]
Filed under: Uncategorized | Tagged: credit crisis, fair value measurements, FAS 157, fasb, mortgage backed securities, SEC | Leave a Comment »
