Senators urged to abandon support for ammendment to US financial support act
A grouping of key US accounting figures has urged senators to vote down an attempt to “legislate accounting standards”.
Key accounting figures from bodies including the Center For Audit Quality, CFA Institute, Investment Company Institute, and the US Chamber of Commerce among others, are attempting to block the so called Brown amendment to the Restoring American Financial Stability Act, which would limit leverage ratios at financial institutions.
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