In their telephone conference, both Hitchner and Alerding agreed that with the introduction of FSAS 157 on Fair Value Measurements (see BVWire # 48-3), the FASB is “doing a much better job at getting their arms around this” concept of a risk-adjusted vs. risk-free rate, which could easily warrant another “hour and a half” discussion, they said.

With that in mind, BVR is starting its 2007 telephone conference line-up with a bang: On January 11, 2007, Al King, author of the new release Fair Value for Financial Reporting: Meeting the New FASB Requirements (Wiley, 2006) will join Matt Crow (Mercer Capital) and James Travis (Plante & Moran) to delve into SFAS 157, which takes effect later this year. To register, click here.