The Securities and Exchange Commission has put companies on notice that
greater fair value disclosures will be needed this year.
The body dispatched letters to CFOs offering a helping hand as to how they
should apply new fair-value accounting rules, but also warned that they would
need to work harder to show how they reached their values.
Companies will now have to do more need to explain how they arrive at their
assumptions when valuing assets and liabilities which rely on mark-to-model
calculations where there is no actual trading market for these holdings.
The SEC expects the fuller disclosures to start being filed by May when the
quarterly filings are due.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
The ACCA has announced a regular Global Forum focussing on education
After a seven-year saga, a result has been reached between Margaret May and CIMA over misconduct