FASB seeks comments on valuation guidance.

In step with its mission to improve and enhance the quality, consistency and comparability of financial statements, the Financial Accounting Standards Board is seeking public comments on the topic of valuation guidance in financial reporting.

Through an Invitation to Comment issued last month, the 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 ITC also...