Fair Value—Statement 72—Stage Two

Fair Value—Statement 72—Stage Two

PIR Topic: Statement No. 72, Fair Value Measurement and Application Background: Statement 72 was issued in February 2015. It was effective for reporting periods beginning after June 15, 2015.

History:
  • PIR initiated: May 2019
  • Initial archival analysis and survey concluded: November 2020
  • Additional archival analysis concluded: December 2022
Current Developments: Staff is planning stakeholder roundtables. 

Work Plan:
 
Board Meetings Activities
September–December 2023 Conclude stakeholder roundtables, analysis of data, and summary of results for roundtables. Develop and administer preparer, auditor, and user surveys; conclude stage two.
January–June 2024 Analyze data from surveys; prepare final report.
July 29, 2024 Discuss final report with the Board.
August 2024 Discuss final report with the GASAC.
November 2024 Present final PIR report to FAF Board of Trustees; publish report.
×
×