IMF, IIF Rec's on Market Turmoil Are Far-Reaching, Include Fair Value, Off-Balance Sheet; Q&A With Michael Young, Willkie Farr
“Market, Market, Dare You Stall, What’s the Fairest Fair Value of All?” is one of the hottest issues in accounting today - along with calls for more transparency around off-balance sheet items – among the multitude of issues being discussed surrounding the subprime crisis and current market turmoil. If you couldn’t get into the sold out Directors Roundtable program covering this topic today, we have additional insights from one of the speakers, Michael Young, partner with Willkie Farr & Gallagher. Separately, fair value accounting and off-balance sheet accounting and disclosure matters were among issues addressed in far-ranging reports issued by the International Monetary Fund (IMF) and the Institute of International Finance (IIF) this week in response to the subprime crisis and related market turmoil. Read more here.
Posted by Edith Orenstein, FEI Financial Reporting Blog, April 11, 2008