VRC’s Adam Smith and Francis Mainville have been published in Accounting Today.

Their article, “FASB Proposal Could Change How Investment Companies Value Restricted Equity,” examines the FASB’s proposed exception that would allow investment companies to consider contractual sale restrictions when measuring the fair value of equity securities. The proposal could have significant implications for NAV calculations, valuation methodologies, disclosures, and financial reporting processes across the investment management industry.

Learn more about the potential impact of these proposed changes and key considerations for investment companies holding restricted equity positions.