This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

How to audit fair value measurements

  • United States Image

Dec 01, 2017

On December 1, 2017, the Journal of Accountancy released an article on the audits of fair value measurements (FVM) and how they are challenging because the valuations are typically developed by management (or third-party valuation professionals retained by management) using significant professional judgment and other qualitative inputs.

This challenge is caused, in part, by a gap in understanding by each profession of what the other profession requires to successfully deliver its services. Thanks to a collaborative effort within the valuation profession, that gap may significantly narrow.

Review the full article on the Journal of Accountancy's website.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.