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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... To get the full story, subscribe now.