April 29, 2008
March 2008 SEC letter regarding MD&A fair value disclosures
In response to current market conditions, the SEC issued a letter to CFOs ("the Letter") recommending incremental fair value information and disclosures in the MD&A beyond the specific disclosures required by Statement of Financial Accounting Standards No. 157, Fair Value Measurements ("FAS 157").
The Letter was sent to companies that reported a significant amount of some items in their most recent Form 10-K.
