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AcSB Proposals to converge with international standards regarding impairment of debt instruments (April 29, 2009) Asset-backed Commercial Paper — AcSB Staff Commentary (February 2, 2009). This commentary on ABCP by AcSB staff focuses on implementing the restructuring plan for non-bank-sponsored asset-backed commercial paper. FYI Newsletter Special Edition 2008 (December 8, 2008) – this special edition of FYI summarizes activities of the AcSB that should be considered in financial statement preparation for 2008 and 2009 fiscal years. FYI Newsletter December 2008 – see page 3 for Accounting Considerations for the Current Economic Turmoil. Fair Value in Inactive Markets (November 20, 2008) – AcSB staff has issued a financial reporting commentary on estimating fair value of financial instruments in inactive markets. Statement on Fair Value Accounting (October 2, 2008). Paul Cherry, Chair, AcSB, issued a statement to clarify the role of fair value accounting in the current economic crisis, explaining the aim of the accounting method and noting that fair value accounting tells investors and the public “the way it is.” AcSB issued Non-bank-sponsored Asset-Backed Commercial Paper (October 2007) on the financial reporting issues facing holders of Asset-Backed Commercial paper in preparing their interim GAAP financial statements for periods ending September 30, 2007. See media release. |
