Since the Financial Accounting Standards Board (FASB) issued FASB Statement No. (SFAS) 157, Fair Value Measurements, and SFAS 159, The Fair Value Option for Financial Assets and Financial Liabilities, fair value measurements have gained notoriety and been the topic of many headlines because of the current credit markets turmoil. 

Deloitte & Touche LLP’s recent fair value accounting newsletter examined the Form 10-Q filings from 50 Securities and Exchange Commission registrants for the first quarter of 2008 and analyzed their respective disclosures related to SFAS 157 and SFAS 159. Analysis included entities from the banking, insurance, investment and energy industries, as well as other corporate filers.

Read the full newsletter below.