publication . Article . 2011

AUDITING FAIR VALUES IN A SENSITIVE SOCIO-ECONOMICAL CONTEXT

Nicoleta Farcane; Delia Deliu; Maria Gheorghian;
Open Access
  • Published: 31 Dec 2011 Journal: Annales Universitatis Apulensis Series Oeconomica, volume 2, issue 13, pages 19-19
Abstract
The concept of fair value was subject of many debates and disputes in recentyears. These debates have focused mainly on the relevance of the concept, but also on thepractical difficulties in determining reasonable estimates, raising particularly the interest ofpractitioners in terms of identifying the best valuation procedures and techniques,respectively auditing fair values. Determining the fair value involves a broad spectrum ofapproaches, from the simplest to the most complex and burdensome ones. In the currentsocio-economical context, market and stock volatility raises questions about fair values, evenif there are conditions for the existence of market infor...
Subjects
free text keywords: fair value, historical costs, fair value audit, volatility, economic crisis, jel:M10, jel:M40, jel:M42
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