Blog Post
Can accounting standards be scapegoated for the turmoil?
Nicolas Veron debunks the claim – often heard these days – that mark-to-market accounting and IFRS more generally are a culprit for the securitization crisis. IFRS are far from perfect, but protecting banks’ discretion to hide bad news, and thus lowering the quality of financial information, would be a mistake. Click here to download […]
Nicolas Veron debunks the claim – often heard these days – that mark-to-market accounting and IFRS more generally are a culprit for the securitization crisis. IFRS are far from perfect, but protecting banks’ discretion to hide bad news, and thus lowering the quality of financial information, would be a mistake.
Click here to download this comment.
This comment was also published by La Tribune.
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