Applying GAAP and GAAS: Recent Developments in Fair Value Measurement, Reporting and Disclosure

Recent FASB guidance sheds light on determining fair value in situations where market information is limited and transactions are not orderly. Another accounting concern involves the requirement to determine when a security has incurred an impairment that is other-than-temporary. The FASB and SEC have recently provided additional detailed guidance for determining when an other-than-temporary impairment has occurred. Applying GAAP and GAAS provides complete examples illustrating the application, reporting and disclosure of other-than-temporary impairments.

Access our Applying GAAP and GAAS sample discussion on Impairment of Securities.

If you subscribe to Applying GAAP and GAAS, view the entire discussion here:

2-21A Applying GAAP and GAAS § 21A.11

Like what you see?

LexisNexis® Tax Center offers a single access point where you can find the most current and comprehensive sources available on the legal market.

If you are not a subscriber and would like more information about this service, please contact Customer Service at 1-800-543-6862 or call your local LexisNexis sales representative for a free trial enrollment to LexisNexis Tax Center.

For Customer Service or Technical Support, please call 1-800-543-6862.