To make the exposure draft easier to swallow, the board will give nonpublic banks with less than $1 billion in total consolidated assets four years from the effective date to adopt the change in fair-value accounting.
FASB is accepting public comments on its proposal until September 30. It plans to hold public meetings on the exposure draft in October.
Reader CommentsDisplaying 1 of 1
Roland Cycan
Jun 7, 2010 11:22 AM ET
Fool me once
It may be best to take a "fool me once, shame on you, fool me twice shame on me" approach. Let management declare … more
Post a comment | View all comments