The Financial Crisis Advisory Group, an influential group of policymakers, concluded that mark-to-market accounting rules probably understated, rather than overstated, losses in the banking sector. The International Accounting Standards Board and the Financial Accounting Standards Board established the group to discuss issues related to the credit crisis, including off-balance-sheet vehicles and honest-value accounting.more athttp://www.ft.com/cms/s/0/9f512566-7ad3-11de-8c34-00144feabdc0.html?nclick_check=1
Posts Tagged ‘Fair Value Accounting’
Group exonerates fair-value rules in controversial decision
July 27th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Accounting Rules, Accounting Standards Board, Advisory Group, Balance Sheet, Banking Sector, Cms, Controversial Decision, Credit Crisis, Fair Value Accounting, Financial Accounting Standards, Financial Accounting Standards Board, Financial Crisis, Influential Group, International Accounting Standards, International Accounting Standards Board, Losses 
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