AATV: The Turner report, auditors and fair value

Gavin Hinks discusses with Steve Priddy, technical director at ACCA, and
Shamim Diouman, risk and regulation manager at the ICAEW, the potential fall-out
from Lord Turner’s report on the regulation of the finance industry instigated
by the banking crisis. Could his suggestions have a major influence the debate
on fair value accounting? How will the economic cycle reserve be accounted for
and will the role of the auditor have to change to accommodate his

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