The Financial Crisis of 2008 Gets Reviewed

Autor*innen

• Gaberella Green

Parameter

• Wirtschaft

Mehr zum Buch

The financial crisis of 2008 is examined through the lens of the International Accounting Standards Board's amendments to IAS 39, which aimed to address issues like unfair accounting practices and the impact of subprime mortgages on U.S. banks. The study highlights how these amendments allowed firms to reclassify financial instruments and abandon fair value measurements, yet some companies exploited these changes. While some executives advocate for fair value accounting as a solution, findings suggest that the amendments primarily benefit international banks rather than U.S. firms, raising questions about their overall effectiveness.

• Sprache: Englisch
• Erscheinungsdatum: 2014
• Einband: Paperback