FEI Committee on Corporate Reporting Comments On FASB Fair Value Proposal

October 9, 2008

FEI’s Committee on Corporate Reporting (CCR) filed a comment letter on October 9, 2008 in response to the Financial Accounting Standards Board’s Proposed FASB Staff Position No. FAS 157-d, Determining the Fair Value of a Financial Asset in a Market That is Not Active (Proposed FSP FAS 157-d,  or “the proposed FSP”.)

FASB is still in the process of posting comment letters on Proposed FSP FAS 157-d on its website. FASB received over 90 comment letters on the proposed FSP, which was released on October 3 with an expedited comment deadline of October 9, slated for discussion by the FASB board on October 10.

Same-day results of FASB meetings are posted on FASB’s website in the form of Summaries of Decisions Reached in FASB’s News Center. (More detailed information is subsequently posted in FASB’s board minutes.) Check back to FEI’s website for updates on the results of the FASB meeting.