Just last week the Financial Accounting Standards Board released its Proposed FASB Staff Position amending Statements No. 141 (Business Combinations) No. 142 (Goodwill and Other Intangible Assets), and No. 144 (Accounting for the Impairment or Disposal of Long-Lived Assets).  This new FSP will “clarify the guidance on fair value measurements…in those Statements,” and will be effective until the adoption of FASB Statement No. 157, Fair Value Measurement. (See BVWire #48-3).