FASB is asking constituents to provide views on whether additional and more specific valuation guidance is needed in financial reporting as well as the process for developing that guidance. The issue to comment (ITC) also asks for constituent perspectives about the extent to which FASB or other organizations should be responsible for developing guidance on valuation issues that translate into financial reporting matters.

"Through this ITC, the board wants to ascertain whether and how valuation guidance can be improved to enhance the quality of financial information presented to investors and other users of financial statements," said Paul Beswick, FASB project manager. "Therefore it believes that public input on this subject is warranted."

The ITC is available at www.fasb.org. All parties interested in submitting written comment on this issue must do so by April 15, 2007.

FASB also will hold a public roundtable in April to discuss the issues in the ITC. Interested parties that wish to participate in the roundtable should contact Paul Beswick at pabeswick@fasb.org or 203-956-3453.