Don't do away with mark-to-market just yet

10/8/2008 |

A move by the Securities and Exchange Commission to suspend fair-value accounting rules may not be the best course of action, Linda A. MacDonald writes in a commentary. Beyond that, and contrary to the beliefs of some, the SEC did not suspend or do away with the Financial Accounting Standards Board's guidelines on mark-to-market. Instead, the regulator clarified how companies should apply fair value to assets.

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