Expert Analyses of the following article:
Alls Fair: The Crisis and Fair-Value Accounting
Source: www.cfo.com
October 13, 2008Exacerbation or exposé?
Author: Paul Miller, CPA, Professor, UNIVERSITY OF COLORADO
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Listen to the message and don’t shoot the messenger if you
think it’s bad news.
And don’t endorse public policies based on deceptive
reporting.
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October 10, 2008
Method of Valuation of Assets - How useful in preventing the turmoil.
Author: GLG Expert Contributor
Author: GLG Expert Contributor
In the present context, Mr. John McCain rightly says that "Fair value rules may be exacerbating the credit crunch", since the market reacts and stabilizes on sentiments. While strictly applying the valuation rule of mark to market accounting, the assets held by the investment companies will be vaued at current market rates which has already fallen considerably. For those assets, which are valued...
October 3, 2008More Attacks on Fair Value
Author: Robert McCabe, Ph.D., CPA, CFE, Partner, McCabe & Associates, PhDs
Why does the SEC not enforce the rule against "naked short selling?"
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