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Tuesday, September 30, 2008

FASB, SEC to Issue Accounting Guidance

by Calculated Risk on 9/30/2008 04:09:00 PM

From Bloomberg: SEC, FASB Said to Issue Guidance on Fair-Value Accounting Rules

The SEC may say companies can rely more on assumptions assessing how much assets are worth ... The SEC and FASB will probably [NOT] suspend the accounting rules ...
More work for accountants.