FASB produces video on importance of quality financial reporting, leading financial authorities discuss key issues.

• Position: Accounting & auditing news - Financial Accounting Standards Board - Brief Article

To help educate the public about why high-quality financial reporting is so important to investors and the efficiency of the financial markets, the Financial Accounting Standards Board produced a video program called "Financially Correct." During the program, five renowned authorities on financial reporting discuss the importance of and need for reliable, credible and comparable financial information and how it serves investors and the economy.

Ben Stein, author and entertainer, hosts the program and interviews several leaders in the financial reporting and investment worlds. Sharing their views in the 40-minute video program are Warren E. Buffett, Chairman and Chief Executive Officer, Berkshire Hathaway Inc.; Abby Joseph Cohen, Chair, Investment Policy Committee, Goldman, Sachs & Co.; Jeffrey...