Comments on: Accountants are failing investors with “fair value” accounting http://www.wellingtonfund.com/blog/2007/08/06/accountants-are-failing-investors-with-fair-value-accounting/ News, Views & Purviews Fri, 03 Sep 2010 16:05:59 +0000 http://wordpress.org/?v=abc hourly 1 By: Karen Walter http://www.wellingtonfund.com/blog/2007/08/06/accountants-are-failing-investors-with-fair-value-accounting/comment-page-1/#comment-1399 Karen Walter Wed, 18 Mar 2009 11:48:26 +0000 http://www.wellingtonfund.com/blog/2007/08/06/accountants-are-failing-investors-with-fair-value-accounting/#comment-1399 I disagree with the above statement and I can prove that with firm that I am associated with. Karen Walter <a href="http://www.ca4it.com" rel="nofollow"> Accounting Firm Toronto</a> CA4IT (Chartered Accountants for Information Technologists) is the largest network of Chartered Accounting firms in Canada that focus on providing bookkeeping, accounting, tax, paralegal and financial planning services to independent contractors (small business) in the IT industry. I disagree with the above statement and I can prove that with firm that I am associated with.

Karen Walter

Accounting Firm Toronto
CA4IT (Chartered Accountants for Information Technologists) is the largest network of Chartered Accounting firms in Canada that focus on providing bookkeeping, accounting, tax, paralegal and financial planning services to independent contractors (small business) in the IT industry.

]]> By: tranche http://www.wellingtonfund.com/blog/2007/08/06/accountants-are-failing-investors-with-fair-value-accounting/comment-page-1/#comment-540 tranche Thu, 09 Aug 2007 14:46:12 +0000 http://www.wellingtonfund.com/blog/2007/08/06/accountants-are-failing-investors-with-fair-value-accounting/#comment-540 ACA actually switched to a full spread based method under FAS 157 -- using CDS spreads to provide marks if the market is unwilling to step up and bid so it looks like they are trying to account as fairly as possible, unlike many of their peers that put out 2nd quarter numbers using models that take into account ratings in addition to a number of other things. whats ACA's reward for the increase transparency? they get pounded in the equity market on new that they are sitting on massive paper losses. ACA actually switched to a full spread based method under FAS 157 — using CDS spreads to provide marks if the market is unwilling to step up and bid

so it looks like they are trying to account as fairly as possible, unlike many of their peers that put out 2nd quarter numbers using models that take into account ratings in addition to a number of other things. whats ACA’s reward for the increase transparency? they get pounded in the equity market on new that they are sitting on massive paper losses.

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