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question go to the sec website www sec gov and access press releases select and summ 4284547

Question

Go to the SEC Website (www.sec.gov) and:

Access Press Releases. Select and summarize a recent pressrelease.

The SEC does not always agree with, and other times adds clarityto, the FASB’s standards. Go to the Staff Accounting Bulletins. Inthose bulletins, how does the SEC clarify the definition of “otherthan temporary” decline in value as used in SFAS No. 115? Is thisclarification helpful? Why, or why not? Does this add clarity tothe definition proposed by the FASB? Note: Staff AccountingBulletins can be found under Regulation, and then StaffInterpretations.

 

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