Status of FASB Staff Position FAS 157-4

Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly


Date Posted:
April 9, 2009

Effective Date:
Prospectively for interim and annual reporting periods ending after June 15, 2009; early adoption permitted for periods ending after March 15, 2009

Amends FAS 157, paragraphs 21, 28, 30, 32, 33, A20, A34, and A35
Adds FAS 157, paragraphs 29A through 29H and A32G
Replaces FAS 157, paragraphs A32A through A32F and footnote 21b
Deletes FAS 157, footnotes 21c and 21d
Supersedes FSP FAS 157-3

Affected by:
No other pronouncements


Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides