SEC begins fair value study

The SEC has begun a study on fair value (a.k.a. mark-to-market accounting), which is required under the Emergency Economic Stabilization Act of 2008. 
 
The SEC study, to be completed by Jan. 2, 2009, will focus on:

• Effects of such accounting standards on a financial institution’s balance sheet
• Impacts of such accounting on bank failures in 2008
• Impact of such standards on the quality of financial information available to investors
• Process used by FASB in developing accounting standards
• Advisability and feasibility of modifications to such standards
• Alternative accounting standards to those provided in FAS 157

James Kroeker, SEC deputy chief accountant for accounting, is staff director for the study. The SEC will schedule public roundtables to obtain feedback from a variety of constituencies during the study.
 
The SEC is requesting public comment related to the study. To comment, use the form available on the SEC Web site. 
 

More Issue Monitoring

Back to Issue Monitoring page