I just returned from the New York Society of Security Analysts (NYSSA) seminar on FASB 157 - Fair Value Measurements. Karl D'Cunha, Senior Managing Director, Houlihan Smith and Harvey Poniacheck, PhD, Director of Valuations Services at RSM McGladrey, Inc. made presentations.
The focus of the presentations was on the three levels in the valuation hierarchy as defined by the Financial Accounting Standards Board in FASB 157 - and a lively discussion ensued.
It was a refreshing and informative session for the security analysts and valuations professionals in attendance.
Kudos to Karl, Harvey and NYSSA!
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