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Fair Value

ICAEW flag

ICAEW warns against prohibiting the use of fair value

Prohibiting the use of fair value would cause many derivative financial instruments to be taken off the balance sheet

09 May 2012

RBS logo

FSA: Fair value accounting contributed to RBS failure

Fair value accounting and weak regulation contributed to RBS's failure during the financial crisis, the FSA has concluded

12 Dec 2011

FASB logo

Fair value in focus for new accounting standard

Today's fourth new international accounting standard offers clarification on the use of fair value accounting, an issue that achieved notoriety during the financial crisis

12 May 2011

US rule maker appeases banks

FASB moves closer to the international standard setter on accounting for loan books

26 Jan 2011

Seidman takes up FASB chairman role

Leslie Seidman takes over from Bob Herz as FASB chairman

24 Dec 2010

RBS chief says accounting obscures improved performance

Stephen Hester says that better operating performance of RBS in Q3 was obscured by fair value volatility

05 Nov 2010

Hoogervorst hopeful of US accounting convergence

IASB chairman-elect Hans Hoogervorst believes different approaches to financial instruments on either side of the Atlantic can be resolved

20 Oct 2010

World Bank backs US fair value proposal

Vice president believes accounting proposals will better show underlying risks

04 Oct 2010

EU told IASB's fair value option is the way ahead

Advisers signal that IASB trumps US version of fair value accounting

01 Oct 2010

Taxman examines implications of fair value rules

HMRC releases discussion paper on fair value rules

17 Sep 2010

US finance executives voice opposition to fair value model

Trade body warns against "heavy reliance" on fair value

09 Sep 2010

Volcker voices concerns about US fair-value proposal

“My impression is the international people are pretty much going in the right directio" Volcker tells Forbes

02 Sep 2010

Experts reject fair value only methods

PwC survey reveals investors and analysts prefer mixed measurement method for financial instruments

14 Jun 2010

US financial lobby fights fair value proposal

American Banking Association urges members to battle new rules put forward by FASB

04 Jun 2010

Europe's IASB concerns voiced at global meeting

EC internal markets head Michel Barnier questions IASB governance, while SEC chairman Mary Schapiro also attends major accounting standards meeting

01 Apr 2010

Convergence won't take place "at all costs": Tweedie

IASB say it will not compromise standards

29 Jan 2010

US fair value rules complicate convergence, warns Turner

Converging with US standards may compromise international standards, explains FSA chairman

28 Jan 2010

Fair value fattened bankers' bonuses: Lord Turner

FSA chairman says fair value in part to blame for exorbitant bonus culture

21 Jan 2010

Barnier to face questions over fair value

MEP plan to quiz new EU Commissioner

09 Dec 2009

Flint takes aim at Europe on fair value rule

HSBC CFO wants Europe to adopt new fair value rule

18 Nov 2009

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Penny Avis' book Nevermind the Botox Rachel

Video: From corporate finance to author

Rachael Singh interviews self-published author and former Deloitte partner Penny Avis on her novel "Nevermind the Botox Rachel"

Managers must spot signs of staff stress

Learn to identify the symptoms of stress in your team, urges CABA

The Practitioner: Staff sit-down shocker

The Practitioner has plenty to think about after a senior staff member reveals the pair haven't 'chatted' for quite a while...

Time for consulting to re-balance?

Despite robust performance in 2011, the consulting industry must reduce its reliance on financial services clients, says Alan Leaman

businessman steps forward

Tax: Don't go back in the future

Forget retrospection and instead put the GAAR together properly to create certainty for business, says Gary Richards

CIMA and ICAEW accounts: all in the presentation

Fully transparent, or just one for the accountants? asks Kevin Reed

TS recalls Pet's star Healy's close links to HMRC

Tim Healy's recent run-in with the taxman isn't his only dealing with HMRC, TS recalls...

Colin: Cost-cutting a step too far

Finance function takes its toll at BBC offices

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Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities