FAS 157: Pathways and Pitfalls in Fair Value of Complex Investments

Business Valuation UpdateVol. 14 No. 3
March 2008


FAS 157, conceived in times of easy credit and a bubbly stock market, was born at a time of roiled equity and credit markets and a torrent of lawsuits, among them, those alleging mispricing of exotic securities. The usefulness of FAS 157 is likely to be ...