Mark to Market Not a Fix

Wilcox, Ken
June 2010
American Banker;6/3/2010, Vol. 175 Issue 85, p8
Trade Publication
The author reports he is skeptical of the application of mark-to-market accounting for all financial instruments in a reaction to the sub-prime mortgage crisis just as he was skeptical of the passage of the Sarbanes-Oxley accounting standards legislation after the energy company Enron Corp. debacle.


Related Articles

  • STUDY: SOX 404 IS FAILING.  // Accounting Today;Jun2015, Vol. 29 Issue 6, p33 

    The article reports on the study results on the failure of the U.S. Sarbanes-Oxley Act for external audits of internal control of companies as contained in "The Accounting Review" journal published by the American Accounting Association.

  • Using a Movie to Study the COSO Internal Control Framework: An Instructional Case. Savage, Arline; Norman, Carolyn Strand; Lancaster, Kathryn A. S. // Journal of Information Systems;Spring2008, Vol. 22 Issue 1, p63 

    Following enactment of the Sarbanes-Oxley Act (SOX) of 2002 (U.S. House of Representatives 2002), public accounting firms and publicly traded companies are much more focused on internal controls. Accordingly, many accounting graduates will be asked to evaluate, document, and perhaps test the...

  • The Ongoing Debate about the Impact of the 150-Hour Education Requirement on the Supply of Certified Public Accountants. Gramling, Lawrence J.; Rosman, Andrew J. // Issues in Accounting Education;Nov2009, Vol. 24 Issue 4, p465 

    Many factors, including Sarbanes-Oxley, fueled an increase in demand for accountants in recent years, particularly those who are professionally certified, so that demand exceeded supply in the U.S. (Anonymous 2007) and elsewhere (Hambly 2007). Future challenges facing the profession, such as...

  • Get 'em while they're hot: Accounting jobs on fire.  // Disclosures;Mar/Apr2008, Vol. 21 Issue 2, p3 

    The article presents job openings for financial and accounting professionals in the U.S. in 2008. Compliance with Sarbanes-Oxley is still fueling the demand for auditors particularly those with the designation of certified internal auditor. Specialists are needed for forecasting, financial...

  • Best Practices for Reducing Model Risk Exposure. McGuire, William J. // Bank Accounting & Finance (08943958);Apr/May2007, Vol. 20 Issue 3, p9 

    The article discusses how to reduce model risk to meet Sarbanes-Oxley Act Section 404 and other regulatory requirements and business needs. Major model risk sources and risk control practices are cited. Strategies for developing a successful asset and liability management model compliance...

  • A Practical Guide to the New PCAOB Reporting Requirements. Berger, Steven R. // CPA Journal;Feb2010, Vol. 80 Issue 2, p28 

    The article discusses reporting requirements for accounting firms under the Public Company Accounting Oversight Board (PCAOB), the registration for which is required by the U.S. Sarbanes-Oxley Act of 2002 (SOX). Accounting firms registered with the PCAOB are required to file annual reports with...

  • The New SOX Fan Club.  // Treasury & Risk;Apr2008, p11 

    The article reports that a number of U.S. companies are seeing reductions in the internal cost of implementing the Sarbanes-Oxley Act (SOX). According to a survey by the Center for Audit Quality, there is also an increase in the number of audit committee members who say audit quality has...

  • Education for Investigative and Forensic Accounting. Brooks, Leonard J.; Labelle, RĂ©al // Canadian Accounting Perspectives;2006, Vol. 5 Issue 2, p287 

    Recent financial scandals have raised the awareness that accountants should be alert to potential fraud and other economic disputes and can provide significant assistance in preventing, investigating, and resolving such matters. Forensic accountants provide these services with knowledge of court...

  • The Value of 'Cooling Off.'. Daugherty, Brian; Dickins, Denise // Regulation;Fall2008, Vol. 31 Issue 3, p29 

    The article focuses on the benefits of hiring accounting overseers from members of the firm's external audit engagement team. It explains the U.S. Sarbanes-Oxley Act of 2002 (SOX). It discusses the results of studies on hiring former auditors. It mentions the restrictions prior to SOX including...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics