Directed to business executives, CFOs, Heads of nonprofit organizations, board members and the users of audit reports, our Accounting Matters newsletter provides readers with articles that can help financial professionals better understand the audit process and the benefits an audit can provide to their business.
Articles for October 2015
The standards on fair value measurements and disclosures can prove challenging to understand and implement.
It would be wise at this point to focus on some common issues or shortcomings related to complying with the standards on fair value disclosures.
Fair Value Hierarchy and Reconciliation
In many cases, financial statements fail to disclose the fair value hierarchy and the level at which fair value items are valued (inputs).