New Legislation Aims to Establish New Federal Accounting Oversight Board
March 13, 2009
If the Securities and Exchange Commission and the Financial Accounting Standards Board don’t fix controversial accounting rules that many say have contributed to the upheaval in financial markets, Congress may step in and create a new agency to take over the job.Reps. Ed Perlmutter, D-CO, and Frank Lucas, R-OK, this week introduced the “Federal Accounting Oversight...