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Join Us for a Fair Value Exposure Draft Podcast and Share your Feedback

At Cherry Bekaert we work hard to serve as thought leaders, keeping you informed of discussions, standards and changes that impact you and your operations.  As such we are pleased to present a podcast focusing on the Fair Value Measurement and Application exposure draft.

As you may be aware, the Governmental Accounting Standards Board (“GASB”) has issued an exposure draft addressing fair value measurement accounting and financial reporting matters. Entitled Fair Value Measurement and Application, the exposure draft explains how to define the fair value, assets and liabilities to be measured, and what information regarding fair value should be disclosed in financial statements. The GASB defined fair value as the price that would be accepted to sell an asset or paid to shift a liability in a transaction between market participants at the date of measurement in its recently issued Concept Statement, Measurement of Elements of Financial Statements. The Fair Value exposure draft is the application of the Concept Statement in a GASB pronouncement.

We invite you to view our Fair Value Measurement and Application Exposure Draft podcast between July 8 – 25, 2014, and submit your feedback on the exposure draft via a short survey.  Cherry Bekaert will incorporate comments from the survey when submitting its formal comment letter to GASB. Comments are due to the GASB by August 15, 2014.

For questions regarding the technical content of the exposure draft, please contact Melisa Galasso at mgalasso@cbh.com.

For questions regarding viewing the podcast or responding to the survey, please contact Jessica Marsh at jmarsh@cbh.com.

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