Fair value measurements

31 October 2014

To the Point - FASB proposes eliminating certain investments from the fair value hierarchy
The FASB proposed eliminating the requirement that entities that measure investments using the net asset value (NAV) practical expedient categorize them in the fair value hierarchy table. Under the proposal, certain disclosures about these investments would still be required. Our To the Point publication tells you what you need to know about the proposal.

20 May 2014

Financial Reporting Developments - Fair value measurement
We have updated our Financial reporting developments publication on fair value measurement to provide clarifications and enhancements to our interpretative guidance. The updates include new interpretive guidance regarding centrally cleared derivatives, clarified fair value considerations for the oil and gas industry, and a summary of SEC staff comments in the area of fair value measurements. Refer to Appendix F of the publication for a detailed listing of these updates.

10 July 2012

The new fair value disclosures: A snapshot of how public companies adopted the requirements of ASU 2011-04
In accordance with ASU 2011-04, public companies were required to provide several new fair value measurement disclosures in their quarterly filings for periods ending 31 March 2012. Ernst & Young reviewed the fair value disclosures provided by 60 public companies across various industries in order to gain insights into how companies adopted the new requirements. The results of our analysis are presented in this publication.

17 November 2011

Technical Line - More focus needed on fair value information from third-party pricing sources
Regulators at the SEC and PCAOB are increasing their focus on the valuation of investments, especially the use of information from third-party pricing sources for securities for which there is no active market. Our Technical Line publication highlights some of the recent regulatory initiatives in this area and tells you what you need to know about your company’s use of third-party pricing sources to support valuations of investments.

16 June 2011

Technical Line - Fair value measurement - A closer look at the converged guidance
The FASB and IASB have issued converged guidance on fair value measurements and disclosures. The new guidance provides companies around the world with a uniform framework for applying the principles of fair value measurement. While many of the amendments clarify the current requirements, certain changes could have significant effects on some companies. Our Technical Line publication, which is written from a US GAAP perspective, takes a closer look and provides our views on the key amendments and clarifications, including the new disclosure requirements.

28 August 2009

Hot Topic - FASB issues ASU 2009-05 on measuring liabilities at fair value
Our Hot Topic summarizes the FASB's guidance on several key issues regarding the estimate of fair value for liabilities. The guidance addresses restrictions on the transfer of a liability, and clarifies how the price of a traded debt security (i.e., an asset value) should be considered in estimating the fair value of the issuer’s liability.