In the last of a series of roundtable discussions of mark-to-market accounting before issuing a congressionally mandated study, a panel of accounting experts told the Securities and Exchange Commission about the challenges of valuing assets in a rapidly sinking market.

"The markets are stressed to a point we have not seen in a very long time," said SEC former Chief Accountant Don Nicolaisen. "We could use more disclosure." He suggested that an SEC economist discuss what inputs could be used to create standardized models. Accountants and investors would be able to make comparisons from one company to another. "It gives the market some insight into how those judgments are made," he said. "We need something like that to get the market at least somewhat quieted down. We need some basis of comparison."

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