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 I-99 Construction
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Seen at Business Insurance: An independent board that sets U.S. accounting standards bowed to congressional pressure on Thursday and discussed ways to give banks more flexibility to determine the value of toxic assets that have forced billions of dollars in writedowns. The Financial Accounting Standards Board said its proposed changes to mark-to-market accounting would take effect [...]
After a few months of carnage on Wall-Street caused in part by corporations showing paper losses on assets they have no intention of selling, it looks like FASB may be considering a bit of “paper relief” according to an article in today’s Wall Street Journal (subscriber link): The Financial Accounting Standards Board last week began steps [...] |
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