Abstract

INTRODUCTION The Financial Accounting Standards Committee of the American Accounting Association (hereafter the Committee) is charged with responding to requests for input from standard setters on financial-reporting issues. The Committee is pleased to respond to the invitation to comment on the FASB Preliminary Views document “Reporting Financial Instruments and Certain Related Assets and Liabilities at Fair Value” (hereafter the Document). The opinions in this letter reflect the views of the individuals on the committee and not those of the American Accounting Association. Our comments are organized to address the specific issues raised in the Document and follow the same numbering scheme.

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