The Securities and Exchange Commission announced that on October 29 it will host the first of two roundtables on “mark-to-market accounting” and current market conditions.

As described in the October 10, 2008 edition of Corporate and Financial Weekly Digest, the Emergency Economic Stabilization Act of 2008 mandated a study of mark-to-market accounting. The SEC’s roundtable is designed to provide input for that study.

The roundtable will consist of two panels. The first of these will discuss the interaction between mark-to-market accounting for financial institutions and the current economic situation. The second panel will focus on potential improvements to Financial Accounting Standards Board (FASB) Statement No. 157 and implications of possible changes.

Panelists are expected to include investors, accountants, regulators, business leaders and other interested parties, with representatives of the FASB, International Accounting Standards Board and the Public Company Accounting Oversight Board as observers. The roundtable will be webcast on the SEC website.