Fairvalue #62 Fair Value Accounting Standards

http://www.sec.gov/spotlight/fairvalue.htm understates the realizable future benefits from the assets over a longer time frame, and induces the issuer to take dramatic steps to meet capital requirements. These steps would be suboptimal in the absence of the SEC/FASB guidelines. I recommend a compromise between the opposing views. My recommendation is based on three assumptions. First, the fundamental goal is to ensure satisfactory disclosure %G�%@ disclosure that is clear, complete, timely, and accurate. This goal supports continuation of the SEC/FASB guidelines. Second, substance is more important than form. By substance, I mean the asset value information that is produced by implementing the SEC/FASB guidelines. This information could be disclosed to users in various ways,

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YouTube | October 30, 2008

Tags:. .issuer. .satisfactory. .understates. .assumptions. .disclosed