No Need for Additional Accounting Standards Guidelines on Fair Valuation

Brussels - There is no need for additional guidelines from accounting standard boards on fair valuation, according to speakers at the Valuation & Risk Policy Forum in Brussels in July.

Following the start of the financial crisis, the topic of fair valuation has climbed the agenda and regulators have put pressure on accounting standards boards to address the issue. US accounting standard FAS 157-4 was introduced in April, and the latest version suggests firms should use alternative valuation techn