Archive for April 2nd, 2006

Why Are the FASB Foxes Guarding the Investors’ Henhouse?

The Financial Accounting Standards Board (FASB) is made up of seven members, six of whom are either ex-partners of major accounting firms or former high-ranking financial executives of their clients. Unfortunately, there is no effective ombudsman or meaningful representation on the accounting standards board for tens of millions of small investors that entrust their life […]

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