It is agreed among accountants that a big contributor of the 2008 global financial crisis was the practice of requiring firms to mark their assets to fair value.

Question

Quizplus · Accepted Answer

The statement is not entirely accurate or agreed upon by all accountants. While some argue that mark-to-market accounting exacerbated the crisis, others contend that it was a combination of factors such as lax lending standards, complex financial instruments, and regulatory failures.

It Is Agreed Among Accountants That a Big Contributor of the 2008