FASB Issues FAS 159, Fair Value Option
February 15, 2007
FEI Summary
On Feb. 15, 2007, the Financial Accounting Standards Board (FASB) released Statement of Financial Accounting Standards No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities” (FAS 159). Further information is in FASB’s news release and in FASB’s summary of FAS 159.