tag:blogger.com,1999:blog-8431368106238433082.post3684446527199872106..comments2024-03-27T05:19:21.691-04:00Comments on FEI Financial Reporting Blog: SEC To Examine: How Is Fair Value Faring?financial executives bloghttp://www.blogger.com/profile/11084436965192606339noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8431368106238433082.post-85911233937098515262008-11-19T00:00:00.000-05:002008-11-19T00:00:00.000-05:00We are writing to express grave concern regarding ...We are writing to express grave concern regarding recent calls for the SEC to override guidance issued by the Financial Accounting Standards Board (FASB) and the Commission’s staff that would effectively suspend fair value or mark-to-market accounting. We believe such urgings are decidedly not in the public interest.Four C’s” as shorthand for the joint letter sent by the Center for Audit Quality, CFA Institute, Council of Institutional Investors, and Consumers Federation of America. A move by the SEC to suspend fair value accounting would be a disservice to the capital and <A HREF="http://www.ampminsure.org" REL="nofollow">insurance</A> markets, would be inconsistent with the views of investors, would harm the credibility and independence of the standards setting process, and would run counter to fundamental notice and comment principles. With third quarter financial statements now in process and year-end 2008 imminent, such a change could jeopardize already-fragile investor confidence.Anonymousnoreply@blogger.com