Does FASB develop accounting standards appropriately?
Yes, but the SEC offered recommendations “to enhance the timeliness and transparency” of the agency’s processes. • Are there viable alternatives to fair value accounting? Yes, but each comes with its own issues. “While such alternative measurement bases exist, each alternative exhibits strengths and weaknesses, as well as implementation issues,” the SEC said.
Related Questions
- FASB has announced it will make changes to the fair value accounting standards in the next few weeks. Why didnt NCUA wait to see if those changes may have impacted the financial position of these corporate credit unions?
- Why are FASB accounting standards important to investors?
- Does FASB develop accounting standards appropriately?
