Accounting standards leave investors with apples and oranges

03/26/2013 | Economist (tiered subscription model), The

The financial crisis could have led to accounting standards that make clear what bank loans are worth. However, the Financial Accounting Standards Board and the International Accounting Standards Board, the world's most influential standard setters, have come out with expected-loss impairment models that are inconsistent and leave investors comparing apples and oranges.

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Economist (tiered subscription model), The