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Fair value accounting in the current crisis
In a letter to the FT CFA UK responds to Congress’ views blaming fair value accounting for the current crisis sweeping through the banking sector.
The letter highlights support for fair value accounting methods. It also gives details of clarification document published by the Securities Exchange Commission (SEC) and Financial Accounting Standards Board (FASB ) in the US.
Read the letter
The magazine Finance Director published a report of CFA UK's position on 9th October 2008.
Read the report