FASB Agrees To Propose Certain Amendments, Disclosures For FIN 46R, FAS 140
June 4, 2008
FEI Summary

At its June 4, 2008 board meeting, the Financial Accounting Standards Board (FASB) continued to discuss certain amendments to FIN 46R and FAS 140, in part in light of its decision in April to remove the qualified special purpose entities (QSPEs) from the literature in light of recent credit market events, and in part to make other improvements. Details from the board meeting can be found in this FEI Summary.

In related news, on June 2 FASB hosted a panel of experts on a webcast entitled, “The Crisis in the Credit Markets: Causes, Reporting Issues, and Responses. Highlights can be found in this FEI summary.

Prepared June 4, 2008 by Edith Orenstein, Director, Technical Policy Analysis, Financial Executives International (FEI). This summary does not represent FEI opinion unless specifically noted above.