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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, 2007, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

FASB's Newest Face
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Posted by: Jack Ciesielski 6/27/2006 3:27 AM
Not much time for blog-posting today. Working up a new Accounting Observer piece, hopefully to be completed before vacation, and heading to FASB's Norwalk offices for the roundtable Phase One of change to the accounting for pensions and OPEBs. So, maybe it's fitting then, that the focus of today's posting is an interview of Thomas Linsmeier by Ron Fink and Marie Leone of CFO.com.

As I mentioned in a previous post, Tom is the newest member of the FASB. His comments on fair value reporting, derivatives, hedge accounting and complexity make for some interesting reading -a good encapsulation of some of the biggest issues FASB faces in the coming years. The whole interview is also a good primer on what ails the "mixed attribute" system of financial reporting. Enjoy.
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