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The FASB Proposes Changes for Fair Value and Impairment Charges (03.18.09)
The Financial Accounting Standards Board (FASB) issued on March 17, 2009, two meaningful proposals related to fair value and impairment charges for comment. One proposal seeks to amend the FASB Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements,” to address the definition of an active market and a distressed transaction. The other proposal seeks to change the recognition and presentation for certain impairment charges on both debt and equity securities. Download PDF
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