How does sec clarify the definition of other than temporary

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Reference no: EM133716430

Option: From the Press Releases page of the SEC website, select and summarize a recent press release.

The SEC does not always agree with, and other times adds clarity to, the FASB's standards. Go to the Staff Accounting Bulletins.

In those bulletins, how does the SEC clarify the definition of "other than temporary" decline in value as used in SFAS No. 115?

Is this clarification helpful? Why, or why not? Does this add clarity to the definition proposed by the FASB?

Reference no: EM133716430

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