FASB ‘fair value champion’ announces early retirement

BVWireIssue #47-5
August 30, 2006

Edward Trott officially gave notice last week that he will be cutting short his second term on FASB’s board, planning to retire in June of next year rather than in 2009, as his five-year stint would otherwise dictate. The former KPMG partner turned “fair value champion” according to CFO.com, will dedicate the remainder of his time on FASB’s board to issuing a fair-value measurement document “that will solidify a single definition of fair value and provide a general framework for making fair-value measurements.” For the full-text article, go to CFO.com.

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