The Financial Accounting Standards Board has issued proposals to improve disclosure of potential corporate liabilities. But it has missed the mark on one essential issue - the potential for severe long term risks that are misjudged by companies as only "remote." Attorney Sanford Lewis discusses the problem, and why investors need to weigh in before August 8.
Video Tags:FASB, disclosure, risk, liability
Related Videos:
US bank shares rise on FASB hopes (Financial Times)
Banking stocks were in demand during pre-market trading on Thursday as the Financial Accounting Standards Board (FASB) prepared to vote on changing mark-to-market accounting, which has been blamed for exacerbating banks’ capital problems.
FASB Discussing Changes To Mark To Market Rules (Fox News)
FASB Discussing Changes To Mark To Market Rules
(AFX UK Focus) 2009-04-02 14:07 BRIEF-Mark-to-mkt guidance can be applied to 1st qtr - FASB (Interactive Investor)
WASHINGTON, April 2 (Reuters) - At a Financial Accounting Standards Board meeting to consider additional guidance on mark-to-market accounting: * FASB says new mark-to-market accounting guidance should be prospective not retroactive. * FASB says new guidance will be effective for 2009 second quarter, with early application permitted for the first quarter.
BRIEF-FASB says 'orderly' transaction does not include forced ... - Forbes FASB agrees the objective of mark-to-market accounting is still what would be received in an orderly transaction in the current inactive market. * FASB says an 'orderly' transaction does not include forced liquidation or distressed sale. ...
US STOCKS-Wall St climbs on G20, FASB hopes - Forbes By Chuck Mikolajczak ============================================================== To access running updates on what's moving US stocks double click on ============================================================== For other US market data and news, ...
Flickr pictures related to fasb
No comments:
Post a Comment