Event: Post FAS 133: Where We Stand in the Move to Fair Value Accounting (A Panel Discussion Not Just For Accountants!)
Date: May 13
Time: 5:30 pm Registration; 6 pm Program begins
180 Maiden Lane
SunGard Trading & Risk Systems
Post FAS 133: Where We Stand in the Move to Fair Value Accounting (A Panel Discussion Not Just For Accountants!)
Presentation by Ira Kawaller
, Director, Financial Services Industry Practice, PricewaterhouseCoopers
Susan Schmidt Bies
, Governor, the Board of Governors of the Federal Reserve System
, President, Kawaller & Company, LLC.
Leslie F. Seidman
, Board Member, the Financial Accounting Standards Board
The Financial Accounting Standards Board took a dramatic step in 2001, when it issued the Financial Accounting Standard No. 133, which requires
derivative instruments to be carried on the balance sheet at fair value. While an important accounting change, FAS 133 may be even more significant
because it represents just the first step in the move toward a more pervasive application of fair value accounting. Such a change in the
operative accounting model will create a host of conceptual and practical questions and problems.
This panel is assembled to air the issues relating to fair value accounting. Just how close are we to implementing new accounting procedures, and what are the implications for reporting entities, investors, and the financial engineers who support these activities?
A wine and cheese reception will follow the program.
This event is held in partnership with PRMIA.