Issues of Implementing Fair Value Accounting in Emerging Economies
QUESTION 3
The fair value accounting has ensured accuracy in the operation of different organizations and business. The fair value valuation ensures that the organization practice a robust internal control process to make reasonable and consistent valuations an argument supported Bies’ (2012), Fair value accounting. These valuations should be subjected to independent review as required by the internal control process in order to ascertain that they reflect the underlying conditions of the market and they can’t be changed without having been approved as ascertained by He, Wong, and Young’s (2012), Challenges for Implementation of Fair Value Accounting ...
