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ARTICLE · 13 OCTOBER 2008

Corporate And Financial Weekly Digest - October 10, 2008

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On October 7, the Securities and Exchange Commission announced additional details on the process and initial steps that the SEC has undertaken to conduct a study on "mark-to-market" accounting, as authorized by Sec.

United StatesFinance and Banking
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SEC/Corporate
Robert L. Kohl, Mark A. Conley and Palash I. Pandya

SEC Commences Work on Congressionally Mandated Study on Accounting Standards

On October 7, the Securities and Exchange Commission announced additional details on the process and initial steps that the SEC has undertaken to conduct a study on "mark-to-market" accounting, as authorized by Sec. 133 of the Emergency Economic Stabilization Act of 2008 (EESA), signed into law by President Bush on October 3. The study is to be completed by January 2, 2009, in consultation with the Secretary of the Treasury and the Board of Governors of the Federal Reserve System. Under the terms of the EESA, the study will focus on:

  • The effects of such accounting standards on a financial institution's balance sheet.

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