Ronald F. Duska, Ph.D., the Charles Lamont Post Chair of Ethics and the Professions and Professor of Ethics at The American College and Anthony H. Catanach Jr., Ph.D., CPA, Cary M. Maguire Fellow in Applied Ethics at The American College and Associate Professor at the Villanova School of Business discuss fair value accounting and why accounting standard FAS 157 became such a hot topic in the wake of the economic crisis.