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SEC to Address "Mark to Market" and Fair Value Accounting Standards

By David Badertscher, PLL

<p><font size="2"><strong>Source: </strong><em>Lexology, </em>October 15, 2008.</font></p> <p align="left"><a href="http://www.lexology.com/r.ashx?i=1307670&l=6KHWXJA" target="_blank"><strong><font color="#3e3d40" size="2">SEC launches EESA-mandated study of mark-to-market accounting standards</font></strong></a><br/><font size="2"><font color="#aea400"><span class="firm"><strong>Alston & Bird LLP</strong></span><br/></font>"Yesterday, the SEC announced details of the process and initial steps that the SEC has undertaken to conduct a study on 'mark-to-market' accounting." </font></p> <p align="left"><a href="http://www.lexology.com/r.ashx?i=1307670&l=6KHS2YS" target="_blank"><strong><font color="#3e3d40" size="2">SEC and FASB jointly address fair value accounting</font></strong></a><br/><font size="2"><font color="#aea400"><span class="firm"><strong>Foley & Lardner LLP</strong></span><br/></font>"On September 30, 2008, the U.S. Securities and Exchange Commission (SEC) Office of the Chief Accountant and Financial Accounting Standards Board (FASB) staff issued a major joint release providing immediate guidance on 'urgent' fair value measurement questions presented in the current market environment"</font></p> <p align="left"><font size="2">Added Comment: This is a timely effort. From what I have read, questionable accunting proactices have contributed significantly to both the present economic crisis as well as earlier related events.</font></p>

Full post as published by New York Supreme Court Criminal Term Library on October 15, 2008 (boomark / email).