Guidance Arrives For Fair-Value Methodology, But Some Call For Suspension

October 2008
Securities Industry News;10/20/2008, Vol. 20 Issue 36, p1
Trade Publication
The article reports that the Financial Accounting Standards Board (FASB) and the U.S. Securities and Exchange Commission (SEC) are addressing industry concerns about the application of FASB guidelines on fair-value accounting for non-profit organization in the valuation of hard-to-price securities. Under the Emergency Economic Stabilization Act, the SEC has until January 2, 2009 to study the effects of the fair-value approach.


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