Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act Of 2008

Download or read book Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act Of 2008 written by Barry Leonard and published by DIANE Publishing. This book was released on 2010-11 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008, the Emerg. Econ. Stabilization Act was signed into law. It mandates a study on mark-to-market accounting standards as provided by Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measure. (SFAS 157). SFAS 157 does not itself require mark-to-market or fair value (FV) accounting. Rather, other accounting standards require what is more broadly known as FV, of which mark-to-market accounting is a subset. SFAS 157 defines FV, estab. a framework for measuring FV in generally accepted accounting principles, and requires expanded disclosures about FV measurements. This report considered the issue of FV accounting, incl. both mark-to-market accounting and SFAS 157.