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GASB Announces Fair Value Measurement and Application Webinars

Open for registration, the Governmental Accounting Standards Board (“GASB”) has announced the dates and times for two, one-hour educational webinars covering its exposure draft, Fair Value Measurement and Application . The first webinar, Fair Value Measurement and Application: A CPE Webinar for State and Local Government Financial Statement Preparers and Auditors, will occur on July 15th. On July 17th, the GASB will host its second webinar, Fair Value Measurement and Application: A Webinar for State and Local Government Financial Statement Users. Both webinars have a scheduled start time of 1:00 p.m. EST. Targeting areas related to their audiences, the webinars will cover topics like the proposed definition of fair. Read More.

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Bitcoin Triggers SEC Investor Alert

Protecting stockholders from the investment risks of Bitcoin and other virtual currencies, the U.S. Securities and Exchange Commission’s (“SEC”) Office of Investor Education and Advocacy has released Bitcoin and Other Virtual Currency-Related Investments. Since Bitcoin, as well as other virtual currencies, can be exchanged and used like real money for purchases, the SEC’s Investor Alert warns of the possibility of increased fraudulent activities and high-risk investments. Per the Investor Alert, risks include: Bitcoin investments not being insured from loss like other investments; Bitcoin’s exchange rates are generally unstable and could drop drastically; Federal, state or foreign governments may limit Bitcoin. Read More.

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