Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

AICPA proposes valuation framework for financial instruments

Tammy Whitehouse | July 7, 2017

The accounting profession is looking to raise the bar again on valuations that underpin financial statement assertions with a proposed new framework for the valuation of financial instruments.

The American Institute of Certified Public Accountants is seeking comment on a new framework that would steer accountants and other finance professionals on valuing financial instruments and their underlying components. The framework is intended to bring some clarity, consistency, and transparency to valuations, especially for hard-to-value instruments like mortgage-backed securities, credit default swamps, complex bonds and other derivatives.

As financial instruments have grown increasingly complex over the past few decades, and as regulatory scrutiny over judgments and estimates has grown, determining values for...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.