FASB proposed eliminating the ability to reflect a market participant-derived discount for securities contractually restricted from sale and its impact on investment companies in particular investors (limited partners).
Fri, Oct 29, 2021
How FASB's Proposed Fair Value Measurement Amendment Impacts Alternative Asset Investors
Duration: 60 minutes
Topics
- What are the provisions of the proposed amendment to ASC Topic 820?
- Why is FASB proposing to change current guidance that allows the impact of contractual restrictions to be considered when estimating fair value?
- Is there a practical or economic difference between a security that is legally restricted from sale and a security that is contractually restricted from sale?
- What are the reasons for and against the change?
- Does the proposed change impact the practical expedient for estimating the fair value of fund interests?
- If the proposed change is enacted, what are the transition provisions?
Speakers
- James L. Kroeker, Vice Chair, Financial Accounting Standards Board
- David L. Larsen, Managing Director, Kroll
Regulatory Clarity
Financial Instruments and Technology
The Kroll Financial Instruments and Technology practice is a leading solutions provider for asset managers, hedge funds, fund administrators, banks, insurers, private equity firms, commodity trading and investment firms, and corporations.
Kroll is headquartered in New York with offices around the world.
55 East 52nd Street 17 Fl
New York NY 10055
Sign up to receive periodic news, reports, and invitations from Kroll.
Our privacy policy describes how your data will be processed.
© 2024 Kroll, LLC. All rights reserved.
Kroll is not affiliated with Kroll Bond Rating Agency,
Kroll OnTrack Inc. or their affiliated businesses. Read more.