As the market crisis continues, Congress went back to work with the Senate passing the Emergency Economic Stabilization Act. At its, core the bill is essentially the one which the House failed to pass earlier in the week – with …

The SEC May Get New Authority Over Fair Value Accounting Read More »

As the market crisis continues to dominate the news, the staff at the SEC and FASB clarified certain points regarding the application of fair value accounting, which is central to the valuation mortgage backed securities. In addition, the Commission, as …

Clarification On Fair Value Accounting; Two More Financial Fraud Cases Read More »