Standing Up for Standards
Posted on November 3rd, 2008 by Katina »Permalink
With all the focus on portfolios and the bailout and credit issues and so on, it’s taken some time to take stock of farther-reaching effects on our financial system. Like, for instance, what this is going to mean for the coming move to international accounting standards. This piece from CFO has a pretty interesting take on how that move is shaping up in light of recent events. Speaking of accounting standards, CFO’s also got the goods on the former FDIC chief who holds fair-value accounting responsible for destroying millions of dollars in capital. Not that everyone shares that opinion — as CNN reports, the SEC has gotten conflicting advice on its advisability. Web CPA has the latest on the Senate’s recent vote to reaffirm the SEC’s authority to suspend mark-to-market accounting as part of the rescue plan.
accounting standards, GAAP, IFRS, fair value
December 24th, 2009 at 7:57 am
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