OBAMA SILENT ON ACCOUNTING ISSUES AS PRESIDENTIAL VOTE LOOMS
October 1st, 2008
BY JOSEPH GOLDSTEIN
BARACK Obama, the frontrunner presidential candidate, has been silent on issues of importance to the accountancy profession, such as whether he is for suspending fair value accounting principles, despite the financial turmoil affecting US markets.
Senator Obama's opponent in the race for the White House, John McCain, has said twice he favours suspending fair value accounting requirements in a bid to ameliorate the credit crisis. A review of Senator Obama's public speeches suggests that he has not discussed the issue.
Mr Obama's campaign ...
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