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Not Fair
In response to the financial turmoil, EU lawmakers weigh in on fair-value accounting. Not everyone is happy about that.
November 3, 2008
It takes something extraordinary to interest politicians in accounting standards. But these are clearly extraordinary times, and officials in Europe are digging deeper into accounting practices than ever in response to the financial turmoil. Specifically — and somewhat improbably — they are preoccupied with paragraph 50 of IAS 39, the standard covering financial instruments. Read more...
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Print Edition
FASB and the SEC remind companies that they still can use management assumptions in fair-value analyses.
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