The Financial Accounting Standards Board will consider providing extra guidance to its mark-to-market, or fair value, accounting rules, but will not significantly alter them, according to Newsmax. FASB chairman Robert Herz said that while the board may provide guidance on how to value illiquid assets, a change to the nature of fair value was not impending.
“The SEC did its study and obviously we agree with their main conclusion that fair value should not be suspended or significantly revised,” said Herz.