For this week’s discussion, you will review the article “Fair Value Under
Fire” and take a big-picture approach to discussing fair value and its
implications in the business world. As you review the article, consider the
implications that a company should consider in regard to fair value, and
consider impacts in relation to organizations that regulate accounting
practices, such as IASB and FASB. It is important to examine potential
impacts that fair value accounting can have as it relates to these regulations.
For professionals in the field, it will be important to consider accounting
practices as they apply to a company and its financials, as well as how to
maintain ethical practices aligned with various regulatory bodies.
