Report title: INTERNATIONAL: Fair value needs fixing
from Oxford Analytica
998 word report published Aug 05, 2008

Price $150.00 available for immediate download
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Abstract: The credit crisis demonstrated that off-balance sheet vehicles widely used by financial firms were not as clearly separated from financial sponsors' balance sheets as many had believed. The accounting standards and interpretations of the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have become an area of scrutiny for politicians, regulators and investors.

Brief Excerpt: INTERNATIONAL: Accounting rethinkINTERNATIONAL: Fair value needs fixing The US Securities and Exchange Commission on August # hosted a roundtable to discuss the performance of US and international accounting standards during recent...

Source: Oxford Analytica
Country / Region: International, United States, EU, United Kingdom
Topic: economy, banking, corporate, derivatives, equities, finance, investment, reform, regulation
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GEOGRAPHIC REGIONS : International, United States, EU, United Kingdom
 
TOPICS : economy, banking, corporate, derivatives, equities, finance, investment, reform, regulation
 
SIGNIFICANCE : The credit crisis demonstrated that off-balance sheet vehicles widely used by financial firms were not as clearly separated from financial sponsors' balance sheets as many had believed. The accounting standards and interpretations of the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) have become an area of scrutiny for politicians, regulators and investor 

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