A major controversy surrounding fair value accounting for investments is that

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Fair value accounting is required for all trading securities and available-for-sale securities, but is only suggested for held-to-maturity securities. This has been a controversial issue because some argue that fair value accounting can lead to volatility in financial statements and may not accurately reflect the true value of investments. However, others argue that fair value accounting provides more transparency and reflects current market conditions. Overall, the decision to use fair value accounting for investments depends on the specific circumstances and objectives of the company.

A Major Controversy Surrounding Fair Value Accounting for Investments Is