Client Alert
SEC and FASB Staffs Provide Clarifications on Fair Value Accounting
October 3, 2008
The staffs of the SEC and the FASB earlier this week issued a joint statement intended to provide immediate clarifications regarding the fair value measurement guidance in FASB Statement No. 157. In addition, the Emergency Economic Stabilization Act of 2008, signed into law earlier today, directs the SEC to study and report on alternatives to fair value accounting and authorizes (but does not require) the SEC to suspend the application of FAS 157.
Click here to read our client alert regarding these clarifications on fair value accounting.
Contact Information
If you have any questions regarding the Clarifications, please contact the Womble Carlyle attorney with whom you usually work or one of our Corporate and Securities attorneys.
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