Mark-to-market: an explanation for the rest of us
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The Financial Accounting Standards Board is important in my profession, but until now their decisions have never attracted this kind of media coverage. Accounting rules rarely get the kind of attention that’s been given to the “mark-to-market” or “fair value” rule.
Do the rule changes affect the average American? Since most of us are investors of one kind or another, they may. We took a few moments to share with Forbes our take on the debate.
Patrick Gannon, CPA, CFF, CVA, ABV, is a Forensic, Advisory and Valuation Services Principal at Kaufman Rossin, one of the Top 100 CPA and advisory firms in the U.S.
