Fair value measurement: changes to US GAAP

The fair value measurement and disclosure requirements under US GAAP and IFRS have recently converged. While many principles under US GAAP remain the same, the amendments could significantly affect some companies, particularly in the financial services industry.

Join Ernst & Young LLP professionals as they take an in-depth look at the amendments to US GAAP and highlight their potential implications on financial services companies.

Panelists will discuss:

• An overview of the amendments and changes to existing principles
• Measuring financial instruments with offsetting risks
• Considering premiums and discounts, including blockage factors
• The new disclosure requirements for Level 3 measurements