The FASB updated the guidance to ensure investment companies factor contractual sale restrictions into equity valuations and NAVs.

The Financial Accounting Standards Board says the new standard improves how investment companies, such as mutual funds, measure the fair value of an equity security that's subject to a contractual ...

When management equity holders leave a private equity-backed company on good terms, if their equity is subject to repurchase, such equity holders typically sell their equity back to the company at ...