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This year has been a bad year for technology and research companies which have been slapped with a double whammy. Not only has Congress made R&D credits harder to obtain, VCs have turned against Silicon Valley Bank by telling the CEOs in their portfolio companies to move money out. Clearly there was enough distrust between the bank and the VC’s which prompted the unsustainable run on SVB, but could this all have been prevented with a little more transparency? Jack Russo asks CPA Steve Rabin if banks disclose enough quality information in their accounting reports to foster confidence in their consumer-lender relationship.
The Fair Value Compromise – A Proposed Solution
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This year has been a bad year for technology and research companies which have been slapped with a double whammy. Not only has Congress made R&D credits harder to obtain, VCs have turned against Silicon Valley Bank by telling the CEOs in their portfolio companies to move money out. Clearly there was enough distrust between the bank and the VC’s which prompted the unsustainable run on SVB, but could this all have been prevented with a little more transparency? Jack Russo asks CPA Steve Rabin if banks disclose enough quality information in their accounting reports to foster confidence in their consumer-lender relationship.
The Fair Value Compromise – A Proposed Solution