FASB will require more fair-value disclosure

05/27/2011 | Securities Technology Monitor

The Financial Accounting Standards Board released changes to its rules for fair-value accounting that will require much more work by operations and information technology executives. "Firms will have to review their securities master file, data warehousing, portfolio accounting and reporting systems to ensure they have the correct information and can aggregate the information to comply with additional disclosure requirements," said Rick Martin, vice president of Pluris Valuation Advisors.

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