1. oct
  2. secdetailsmarktomarketaccountingstudy

SEC Releases "Mark-to-Market" Accounting Study Details


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.

 

SPONSORED REPORT

2018 financial reporting survey: Challenges and trends

Learn the top reporting challenges that emerged in a survey of more than 800 finance, accounting, and compliance professionals across the world, and compare them with your organization's obstacles.

PODCAST

How the skill set for today’s CFO is changing

Scott Simmons, a search expert for large-company CFOs, gives advice for the next generation of finance leaders and more, including which universities are regularly producing future CEOs and CFOs.