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ProShares Ultra Financials Message Board

  • oracle_of_yomama oracle_of_yomama Feb 19, 2009 1:24 PM Flag


    NEWS RELEASE 02/18/09

    FASB Initiates Projects to Improve Measurement and Disclosure of Fair Value Estimates
    Norwalk, CT, February 18, 2009—Robert H. Herz, Chairman of the Financial Accounting Standards Board (FASB), today announced the addition of new FASB agenda projects intended to improve (1) the application guidance used to determine fair values and (2) disclosure of fair value estimates. The projects were added in response to recommendations contained in the Securities and Exchange Commission’s (SEC) recent study on mark-to-market accounting, as well as input provided by the FASB’s Valuation Resource Group, a group of valuation and accounting professionals who provide the FASB staff and Board with information on implementation issues surrounding fair value measurements used for financial statement reporting purposes.

    See FASB website for full story

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