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    The credit crunch and fair value – a special report

    The credit crunch and fair value - a special report

    This special report on fair value contains the latest news, views and features on this volatile subject

    Author Date published April 9, 2008 Categories

    When fair value accounting was first brought in by the International
    Accounting Standards Board a few years ago, there was some grumbling about the
    volatility it would introduce, but in a buoyant economy it made company figures
    look good, so the matter passed.

    But with the credit crunch now in full swing the matter has been brought to a
    head as figures take a turn for the worse. Companies, regulators and politicians
    are all attacking the accounting method, banks are making huge write downs in
    their books and accountants are taking some of the flak for it. Should companies
    simply ride out the current economic storm, or should fair value be replaced
    with a ‘fairer’ method of accounting.

    Click on the links below to read the latest news, comment and features on
    this volatile subject.

    News

    Prudential
    takes £459m fair value hit

    FASB
    defends fair value

    US
    banks prepare for further writedowns

    FSF
    urges IASB to fix off balance sheet rules

    EU
    adviser distances itself from ‘smoothing’

    Smoothed
    assets dismissed as a ‘worse answer’ to fair value

    IIF
    report urges accounting rule changes

    Resources & Whitepapers

    AP The importance of UX in accounts payable: Often overlooked, always essential

    Accounting Software The power of customisation in accounting systems

    Accounting Firms Turn Accounts Payable into a value-engine

    AP 8 Key metrics to measure to optimise accounts payable efficiency

    IMF
    calls for fair value review

    IMF
    blames $1trillion credit crisis on lax financial rigour

    Citigroup’s
    audit committee head to step down

    Bank
    of Scotland chief warns fair value could lead to recession

    Co-op
    struck by £32m writedown

    Credit
    crunch sparks fair value revolt

    EC
    advisers urge fair value rethink

    Rock
    shareholders blast bank on aggressive writedowns

    Lawyers
    are predicting a flood of claims

    SEC
    tells companies to lift lid off fair value

    Watchdogs
    push for accounting rules review

    IASB
    defends use of ‘fair value’ accounting

    FSA
    holds crisis meetings on ‘fair value’

    Comment & analysis

    Fair
    value: what lies beneath?

    Don’t
    blame the messenger

    All
    the fun of the fair!

    Fair
    value: standard scapegoat

    Blaming
    fair value – is it a fair cop?

    Adieu
    to fair value?

    Finance:
    have a confident approach

    SEC
    pushes for more credit crunch disclosures

    Features

    Credit
    crunch special: private equity

    Credit
    crunch special: liability crunch

    Share

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    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    1m Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    2m Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    3y

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    2m Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

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