In its open meeting today, the Financial Accounting Standards Board (FASB) will discuss “alternatives for a deferral of the effective date” of SFAS 157, Fair Value Measurements. Notably, according to its most recent announcement, “the Board will also discuss whether to add a separate project to its agenda to address certain issues on the application of Statement 157.” The Board did not indicate what these issues might be, and as of press time, it had not yet posted handouts for the meeting. At the same meeting the Board plans to discuss financial statement presentations and comments to SFAS 140-d, Accounting for Transfers of Financial Assets and Repurchase Financing Transactions. The meeting starts Wednesday morning (November 14th) at 9:00 a.m. EST. To listen live by telephone or audio webcast, click here.
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