Reconsideration of Repurchase Agreements

Reconsideration of Repurchase Agreements – In the wake of the recent financial crisis, accounting standard-setters presumably are working to reform accounting rules that exacerbated the banking collapse.  As this short article shows, however, the recent “repo fix” is not at all a cure, but a “fix” in the sense that corporate America has once again pressured accountants into a rule that corporations can use to misrepresent their financial condition.

http://blogs.smeal.psu.edu/grumpyoldaccountants/archives/87

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