In addition, for a discussion of how the FOMC prepares for its meetings, see Elizabeth A. Duke (2010), “Come with Me to the FOMC,” speech delivered at the Money Marketeers of New York University, New York, October 19, https://www.federalreserve.gov/newsevents/speech/duke20101019a.htm.
Those changes aim to more accurately describe the revenues and costs associated with companies’ primary businesses. We feel steps like these are helpful in advancing the debate about the most fair and accurate methods for reporting a company’s true financial state. These are all positive examples of participants working together to enforce the spirit—not just the letter—of the rules under which financial markets operate.