Current measures are underway to alleviate what some consider onerous accounting regulations that may be either out of date or inapplicable to the current financial landscape. Reforms are underway to examine the current costs associated with determining market values and the reporting of transactions by financial institutions. Below are the issues that the Council believes are of most importance to its members and market participants:
> FASB/IASB Convergence
> FAS 166 / FAS 167
> FAS 157
> Fair Value Measurement
> All Other Accounting Issues
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Featured Documents
> FIRCA Coalition Letter to FASB and IASB and FIRCA Alliance Core Principals
> Council Response to FASB Financial Instruments Exposure Draft
> Council, Coalition Respond to FASB's Proposed Revisions to FAS 5
> Coalition Comments on FASB’s Financial Instruments Exposure Draft
> Fair Value Measurements and Disclosures Exposure Draft
> Financial Instruments, Derivatives and Hedging Exposure Draft
> FASB/IASB Convergence Technical Plan
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