Attempts to bring in fair value standard "almost like a religious war" board member claims.
A member of the US accounting standard setter has likened attempts to bring in fair value to a “religious war” in a speech with regulators this week.
Lawrence Smith, board member with the Financial Accounting Standards Board (FASB), made the comment in a panel discussion with US audit regulator, the Public Company Accounting Oversight Board, in the midst of a far ranging consultation on the accounting principle.
See full Article.
Posts
