CAQ Urges Congress to Reject Proposals to Suspend Mark-to-Market (Fair Value) Accounting

The CPA profession is rallying to the defense of fair value accounting.

Floyd Norris at the New York Times has termed the Congressional calls for abandoning mark-to-market “the political lynching of truth-telling in accounting.” He’s right; here the facts, from the Center for Audit Quality, in a letter to Congress today.