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30 Oct 2008
Senator Obama’s opponent in the race for the White House, John McCain, has said twice that he favours suspending fair value accounting requirements in a bid to ameliorate the credit crisis.
A review of Obama’s public speeches suggests that he has not discussed the issue.
Obama’s campaign has also declined to respond to requests for comment from Accountancy Age.
In public remarks responding to the financial meltdown, Obama has railed against deregulation under presidents Clinton and Bush, but has not talked specifically on what regulation he will prescribe.
He has promised to investigate credit rating agencies, beef up transparency requirements for financial institutions and strengthen capital requirements for complex financial instruments, however.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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Fair value accounting
Forget Obama; I want to know what Joe the Plumber thinks of SFAS 157.
Posted by: richard watson, 30 Oct 2008 | 00:00