[Federal Register Volume 73, Number 132 (Wednesday, July 9, 2008)]
[Pages 39349-39350]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-15570]



[Release Nos. 33-8941; 34-58097; File No. 4-560]

Roundtable on Fair Value Accounting Standards

AGENCY: Securities and Exchange Commission.

ACTION: Notice of roundtable discussion; request for comment.


[[Page 39350]]

SUMMARY: On July 9, 2008, the Securities and Exchange Commission will 
hold a roundtable to facilitate an open discussion of the benefits and 
potential challenges associated with existing fair value accounting and 
auditing standards. The roundtable will be organized as two panels: The 
first panel to discuss fair value accounting issues from the 
perspective of larger financial institutions and the needs of their 
investors; and the second panel to discuss the issues from the 
perspective of all public companies, including small public companies, 
and the needs of their investors. The panels will include investors, 
preparers, auditors, regulators and other interested parties. 
Additionally, representatives from the Financial Accounting Standards 
Board, International Accounting Standards Board and Public Company 
Accounting Oversight Board will be present as observers.
    The roundtable will be held in the auditorium at the SEC's 
headquarters at 100 F Street, NE., Washington, DC. The roundtable will 
be open to the public with seating on a first-come, first-served basis. 
The roundtable discussions also will be available via webcast on the 
SEC's Web site at http://www.sec.gov. The roundtable agenda and other 
materials related to the roundtable, including a list of participants 
and moderators, will be accessible at http://www.sec.gov/spotlight/fairvalue.htm. The Commission welcomes feedback regarding any of the 
topics to be addressed at the roundtable.

DATES: Comments should be received on or before July 23, 2008.

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic Comments

     Use the Commission's Internet submission form (http://www.sec.gov/rules/other.shtml); or
     Send an e-mail to [email protected]. Please include 
File Number 4-560 on the subject line.

Paper Comments

     Send paper comments in triplicate to Florence Harmon, 
Acting Secretary, Securities and Exchange Commission, 100 F Street, 
NE., Washington, DC 20549-1090.

    All submissions should refer to File No. 4-560. This file number 
should be included on the subject line if e-mail is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission staff will post all comments on the Commission's 
Internet Web site (http://www.sec.gov/comments/4-560/4-560.shtml). 
Comments also will be available for public inspection and copying in 
the Commission's Public Reference Room, 100 F Street, NE, Washington, 
DC 20549, on official business days between the hours of 10 a.m. and 3 
p.m. All comments received will be posted without change; we do not 
edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly.

Accountant, or Rachel Mincin, Associate Chief Accountant, at (202) 551-
5300, Office of the Chief Accountant, Securities and Exchange 
Commission, 100 F Street, NE., Washington, DC 20549-6561.

SUPPLEMENTARY INFORMATION: The Commission welcomes feedback regarding 
any of the topics to be addressed at the roundtable. The panel 
discussions will focus on:
     The usefulness of fair value accounting to investors
     Potential market behavior effects from fair value 
     Practical experience and potential challenges in applying 
fair value accounting standards
     Aspects of the current standards, if any, that can be 
     Experience with auditors providing assurance regarding 
fair value accounting.

    By the Commission.

    Dated: July 3, 2008.
Florence E. Harmon,
Acting Secretary.
 [FR Doc. E8-15570 Filed 7-8-08; 8:45 am]