The Financial Accounting Standards Board has taken the first step toward extending controversial market value accounting to deposits and other liabilities.

Staffers are expected to have a proposal ready by December. The board then will decide whether to draft a new accounting rule.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.