IAASB audit alert on fair value accounting estimates

07 October 2008

The IAASB issued an audit practice alert which highlights areas within the ISAs that are particularly relevant in the audit of fair value accounting estimates in times of market uncertainty.

The IAASB issued an audit practice alert which highlights areas within the ISAs that are particularly relevant in the audit of fair value accounting estimates in times of market uncertainty. The alert is relevant to audits of all entities that have investments in financial instruments, especially those in illiquid markets. It responds to calls from the Financial Stability Forum and others for further guidance on the audit of fair value accounting estimates.

 

Press release

Alert

 

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