Bankers concerned about pace, direction of standard-setting
14 Aug 2009
The American Bankers Association has released a white paper expressing concern about The Current Pace and Direction of Accounting Standard Setting.
The rapid paces at which both organizations are working, as well as the directions in which they are heading, are causing some to question whether there is due process in evaluating these important issues. Some bankers also question whether such efforts are driven by a search for simplicity, transparency, and accuracy or by an appetite to expand fair value accounting, no matter the implications. |
Click to view The Current Pace and Direction of Accounting Standard Setting (PDF 266k).