FASB failure in mark-to-market accounting

The FASB today demonstrated its complete lack of backbone by
suspending mark-to-market valuation for banks' assets.
This undermines the relevance of financial accounting altogether.
In other words: banks and politicians win; "independent" accounts lose.
In other words: FASB has gone the way of ISO

Post a Comment

Popular posts from this blog

How to connect your Roku to Xfinitywifi

Excel bug/feature: recursive VLOOKUP for hierarchy calculations

Is Free Internet Chess Server (FICS) a registered nonprofit? Are donations tax deductible?