The New Fair Value Hierarchy: Key Provisions, Implications, And Effect on Information Usefulness (Statement of Financial Accounting Standards ) The New Fair Value Hierarchy: Key Provisions, Implications, And Effect on Information Usefulness (Statement of Financial Accounting Standards )

The New Fair Value Hierarchy: Key Provisions, Implications, And Effect on Information Usefulness (Statement of Financial Accounting Standards ‪)‬

Review of Business 2007, Oct, 27, 4

Review of Business
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Publisher Description

Abstract Statement of Financial Accounting Standards No. 157, Fair Value Measurements, introduces a fair value hierarchy that prioritizes the data companies use for such measurements. The new hierarchy, together with additional footnote disclosures, is expected to improve existing practices concerning fair value reporting. This paper examines the key provisions of the fair value hierarchy and assesses its impact on the usefulness of reported financial information. The hierarchy's influence on the external auditor's role is also discussed.

GENRE
Business & Personal Finance
RELEASED
2007
1 October
LANGUAGE
EN
English
LENGTH
15
Pages
PUBLISHER
St. John's University, College of Business Administration
PROVIDER INFO
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
285
KB

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