Proposed legislation allows court challenges of FASB accounting standards

Reynolds, Katherine M.
February 1998
Bond Buyer;02/09/98, Vol. 323 Issue 30327, p36
Trade Publication
Reports on a legislative proposal filed by US Republican Representative Richard H. Baker that would allow court challenges to a derivative accounting standard set by the Financial Accounting Standards Board (FASB) in the United States. Requirements under the legislative proposal; Investments covered by the proposal; Criticism of FASB's derivatives accounting rules by banks and investors.


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