“Is It Fair to Blame Fair Value Accounting for the Financial Crisis”. People said, “Once we get beyond the mythmaking an...
“Is It Fair to Blame Fair Value Accounting for the Financial Crisis”. People said, “Once we get beyond the mythmaking and arm waving, it becomes clear that historical cost and fair value accounting are much closer to each other than people think.”
Do you agree with this statement? Discuss.
Homework Answers
- It is not at all fair to blame fair value accounting for the financial crisis.
- I agree with the given statement, yes, when the people think beyond the myths and arm waving, they can clear themselves that the historical cost accounting is not that far different from fair value accounting.
- They both are much closer to each other than people think, the crisis would however be occured even in the traditional historical cost accounting.
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Please help assist:
View the attached pictures with the lecture on additional
disclosures from auditors.
Analyze (in fewer than 150 words) these mandatory additional
disclosures.
You can take the perspective of the investor, auditor, or the
company.
Logically argue your case.
Please Search for, and cite, information sources, and those
found in the article. Whenever you can, give real-world
examples
to support your commentary.
The federal regulator that polices accounting firms is proposing a major overhaul of how company...
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