FASB Releases Final FSP FAS 157-3 On Fair Value In Inactive Markets

Oct. 10, 2008

FEI Summary

On Oct. 10, 2008 the Financial Accounting Standards Board released final FSP FAS 157-3, “Determining the Fair Value of a Financial Asset When the Market for That Asset is Not Active.  FASB voted to release this FSP at a board meeting held earlier that day. Highlights of discussion at the board meeting can be found in this FEI summary. FEI's Committee on Corporate Reporting (CCR) one of 100 comment letters that FASB received on the proposed version of the FSP, see the FEI CCR comment letter.

Other summaries from:

KPMG