The Securities and Exchange Commission has begun a study of mark-to-market accounting, which will look at the standard’s effects on bank failures.
The study, authorized by the Emergency Economic Stabilization Act of 2008, which President Bush signed into law last Friday, will examine the impact of mark-to-market accounting on financial institutions’ balance sheets and on the quality of financial information available to investors, the SEC said today.
The agency will also focus on the process the Financial Accounting Standards Board uses in developing accounting standards and look at alternative accounting standards to those provided in Financial Accounting Statement 157 on fair value.
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