FASB Drops Broader Fair-Value Disclosure Plan, Opts for More Frequent Disclosures Instead
January 30, 2009
The Financial Accounting Standards Board will soon propose a rule that would require frequent disclosures of fair values in footnotes to financial statements, after giving in to industry pressure not to adopt a previous proposal requiring new footnote disclosures. The board expects to issue an exposure draft this month that would amend FASB Statement 107, which deals with disclosures...