AICPA issues proposed financial instruments disclosure framework

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12 Jul 2017

As global accounting standards, as well as requirements promulgated by other standard-setting bodies, increasingly call for measurements and disclosures that comply with a defined measurement objective, the American Institute of Certified Public Accountants (AICPA) has issued a proposed disclosure framework for the valuation of financial instruments.

The purpose of the document is to provide a framework for the valuation professional when engaged or assigned to provide fair value and other measurements of financial instruments and components thereof. By design, the framework does not provide instructions on how to arrive at a valuation conclusion, but instead, the documents provide valuation professionals with guidance on the level of documentation and substantiation that is required when performing, reviewing or working with securities or financial instrument valuations.

Please click for more information on the AICPA website.

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