ETFnerd

"We have become increasingly concerned about the excessive pressure placed on the two boards to make rapid, piecemeal, uncoordinated and prescribed changes to standards," a report today from the FASB and International Accounting Standards Board says. The report deplores politicians' constant meddling in accounting principles.

Wrong. It's the banking industry that's spreading money around capitol hill through lobbyists so that they can present anything they want to the public.

On Jul 28 10:21 AM coloneldebugger wrote:

> I guess FASB and IASB would rather just go back to the old way of
> doing accounting. Getting paid off to sign off on whatever their
> client wants to present to the public.