Co-sponsored with Financial Executives International (www.financialexecutives.org)
There has been considerable media coverage on the subject of fair value accounting since its mandatory adoption as of 1 January 2008. While some commentators believe the use of fair value accounting is a positive factor in promptly revealing the values of financial assets in today's troubled credit markets, others believe its use has increased the problems in the credit markets. This webcast will further explore certain issues with regard to the valuation of investments in debt securities.
Because of issues facing participants in the credit markets and the fact that the qualifying special purpose entities (QSPEs) that were originally described in FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities (Statement 140), no longer exist in today's marketplace, the FASB is fast tracking its project to amend Statement 140. The proposed new rule is expected to eliminate the concept of a QSPE.
See full Press Release.
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