Fair-Value accounting.

• Position: AICPA News - American Institute of Certified Public Accountants' 'Auditing Fair Value Measurements and Disclosures' tool kit - Brief Article

The AICPA Auditing and Attest Standards Team has issued a fair-value tool kit--Auditing Fair Value Measurements and Disclosures--to support auditors. The tool kit provides nonauthoritative guidance to help auditors understand and apply auditing standards when auditing fair-value measurements and disclosures relating to business combinations, goodwill and certain impairment situations.

The tool kit offers practical recommendations, illustrative...