FASB chief shrugs off criticism of new rule at Senate hearing

Reynolds, Katherine M.
October 1997
Bond Buyer;10/13/97, Vol. 322 Issue 30250, p30
Trade Publication
Reports on Financial Accounting Standards Board chairman Edmund Jenkins' reactions to arguments at a Senate hearing in October 1997 over the agency's proposed derivatives accounting rule. Senators supporting the rule; Representative Richard Baker's plan to sponsor a bill to countermand the rule; Fears about the rules' ability to distort companies' earnings reports.


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