Fair value measurements

A&A

US Audit Firms Still Vexed by Fair Value Measurement

A new survey from CPA firm Acuitas Inc. found that the percentage of fair value measurement audit deficiencies attributed to business combinations were on the rise in 2012, while those related to financial instruments declined.
A&A

PCAOB Seeks Input on Auditing Accounting Estimates, Fair Value Measurements

The US audit regulator on Tuesday issued for public comment a staff consultation paper on possible standard-setting activities related to those areas. Comments are sought by November 3.
A&A

GASB Clarifies How Fair Value Should be Defined and Measured

A proposal issued by the Governmental Accounting Standards Board (GASB) on May 15 explains how fair value measurement should be defined for state and local government financial reporting.
A&A

FASB Intends to Talk to Stakeholders About Fair Value Standard

The Financial Accounting Standards Board (FASB) said on Monday it will reach out to stakeholders about an accounting standard on fair value measurements, after a recent review of the standard noted that some investors found certain aspects of it challenging.
A&A

New AICPA Guide Focuses on Goodwill Impairment Testing

A new guide released on November 8 by the Financial Reporting Executive Committee of the AICPA provides accountants, auditors, and valuation specialists with guidance for impairment testing of goodwill.
A&A

Registration Open for September 5 Webcast: Overview of GASB Proposals for Financial Statement Users

Registration is now open for the upcoming Governmental Accounting Standards Board (GASB) webcast IN FOCUS: Overview of GASB Proposals for Financial Statement Users. This live webcast, offered free of charge, will take place on September 5.
A&A

GASB Seeks Public Input on Two Measurement Concept Proposals

The GASB is seeking public comment on a proposed concepts statement it issued on June 20 that would guide the GASB when establishing standards regarding the measurement of assets and liabilities for state and local governments.
A&A

FASB Issues Standard Update on Investment Company Status

The FASB has developed a new guideline for determining whether a public or private company is an investment company, for which fair value of investments is the most relevant measurement for the company's financial statement users.
A&A

FASB Responds to PIR of Statement 141 on Business Combinations

On May 30, the Financial Accounting Standards Board (FASB) released its response to the Post-Implementation Review (PIR) of its business combinations reporting standard.

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