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Accounting Reform 

Current measures are underway to alleviate what some consider onerous accounting regulations that may be either out of date or inapplicable to the current financial landscape.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 


Featured Documents

> CREFC co-signs letter on FASB’s exposure draft on credit impairment of financial instruments

> 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