1. news

SEC Releases “Mark-to-Market” Accounting Study Details

Please note: This item is from our archives and was published in 2008. It is provided for historical reference. The content may be out of date and links may no longer function.

Add us on Google ➕
Click here to add us as a preferred news source on Google.

Related

TOPICS

The SEC released preliminary details on its study on “mark-to-market” accounting, as authorized in October by section 133 of the Emergency Economic Stabilization Act of 2008 (EESA). The study is to be completed by Jan. 2 in consultation with the Treasury secretary and the Board of Governors of the Federal Reserve System. Under the terms of the EESA, the study will focus on:

 

  • The effects of such accounting standards on a financial institution’s balance sheet.
  • The impacts of such accounting on bank failures in 2008.
  • The impact of such standards on the quality of financial information available to investors.
  • The process used by FASB in developing accounting standards.
  • The advisability and feasibility of modifications to such standards.
  • Alternative accounting standards to those provided in FASB Statement no. 157, Fair Value Measurements.

 

For more information on the study, visit www.sec.gov/spotlight/fairvalue.htm.