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And Finally

In these times of financial turmoil, some have questioned the — how shall we put this — elasticity of mark-to-market accounting. The Financial Accounting Standards Board in the US has seen fit to propose an amendment to Statement No. 157 'Fair Value Measurements' to clarify the position where there is, in effect, no market to mark to. Some of these concepts are hard for the average punter to grasp…

 
In these times of financial turmoil some have questioned the — how shall we put this — elasticity of mark-to-market accounting. The Financial Accounting Standards Board in the US has seen fit to propose an amendment to Statement No. 157 'Fair Value Measurements' to clarify the position where there is in effect no market to mark to. Some of these concepts are hard for the average punter...

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