Fair value: Much debated but here to stay | AccountingWEB

Fair value: Much debated but here to stay

David Larsen outlines the latest developments in the fair value accounting debate.

As the global economy begins climbing out of recession, the G20, other world governments, the International Accounting Standards Board (IASB) and its US counterpart, the Financial Accounting Standards Board (FASB), are focused on establishing uniform accounting standards. The accounting principle often blamed for contributing to the recent financial crisis – fair value or market-to-market – is once again at the heart of the debate.


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