Dallas-based diversified investment bank FirstSouthwest has introduced FairValue AdvisorS, an enhanced online platform for delivery of its accounting-related reporting services for municipalities.

FairValue Advisor provides comprehensive accounting reports as well as daily fair market valuations, trend analysis, counterparty exposure reporting and transaction documentation, according to the company.

The FairValue Advisor system is a reporting solution for municipalities that must comply with Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) rules and regulations pertaining to fair market valuation and accounting for derivative instruments.

FirstSouthwest provides support for all aspects of GASB and FASB compliance for derivatives, including fair market valuation, effectiveness testing and reporting, risk assessment, credit valuation adjustment, and financial statement disclosure.