Independence
In June 2009, FASB was criticized by an advisory panel of investors after making changes on mark-to-market accounting in response to political pressure. Lobbyists had obtained its permission for banks to apply a special accounting treatment for toxic assets.
Read more about this topic: Financial Accounting Standards Board
Famous quotes containing the word independence:
“Children are as destined biologically to break away as we are, emotionally, to hold on and protect. But thinking independently comes of acting independently. It begins with a two-year-old doggedly pulling on flannel pajamas during a July heat wave and with parents accepting that the impulse is a good one. When we let go of these small tasks without anger or sorrow but with pleasure and pride we give each act of independence our blessing.”
—Cathy Rindner Tempelsman (20th century)
“I am savage enough to prefer the woods, the wilds, and the independence of Monticello, to all the brilliant pleasures of this gay capital [Paris].”
—Thomas Jefferson (1743–1826)
“I saw the man my friend ... wants pardoned, Thomas Flinton. He is a bright, good-looking fellow.... Of his innocence all are confident. The governor strikes me as a man seeking popularity, who lacks the independence and manhood to do right at the risk of losing popularity. Afraid of what will be said. He is prejudiced against the Irish and Democrats.”
—Rutherford Birchard Hayes (1822–1893)