The US and International Accounting standards boards are convening an advisory group to address issues stemming from the credit crisis – starting with fair-value rules.
[via CFO.com – emphasis mine]
While central bankers and G7 leaders work to form panels to respond
to the global banking crisis, accounting standard-setters are doing
their part to do the same. On Thursday, the U.S. Financial Accounting
Standards Board and the International Accounting Standards Board
created an advisory group to deal with financial reporting issues that
bubble up from the credit crunch.The boards will convene on Oct. 20 for a two-day meeting to discuss
the initial topics for the advisory board to consider. It is likely
that one of the first topics to be addressed will be the application of
fair value accounting to financial instruments in illiquid markets.
Current fair value rules have been a lightening rod for criticism, as
some critics have demonized the mark-to-market methodology as
exacerbating the subprime mortgage crisis and sending the credit
markets into a tailspin.
Read more at CFO.com
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.