The roundtables will provide input to the SEC as part of a Congressionally mandated study pursuant to the
Emergency Economic Stabilization Act of 2008. The date and time of the second roundtable will be announced at a later date. The roundtable will consist of two panels. The first panel will discuss the interaction between mark-to-market accounting for financial institutions and the current economic situation. The second panel will focus on potential improvements to the current accounting model and implications of possible changes. The panels will include investors, accountants, standard setters, regulators, business leaders, and other interested parties. Representatives from the FASB, IASB, and PCAOB will be present as observers. The panel discussions will focus on:
- The effects of mark-to-market accounting on financial reporting by financial institutions.
- Potential market behavior effects from mark-to-market accounting.
- The usefulness of mark-to-market accounting to investors and regulators.
- Aspects of the current accounting standards that can be improved.
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