X hits on this document

Powerpoint document

A Standard Setting Perspective on Current Issues Facing the Accounting Profession - page 22 / 29

94 views

0 shares

0 downloads

0 comments

22 / 29

22

Fair value measures—reliability

Reliability => users of financial reports can depend on the reported numbers to represent the economic conditions (events, transactions) they purport to represent

Representational faithfulness => correspondence between the measure and the phenomenon being measured

Verifiability => consensus among various measurers of the same construct

Implies low dispersion of independent measurements

Does not require that the measure can be vouched or confirmed to a separate source

Key issue:  Can this reliability construct be made          operational  for auditors?

Document info
Document views94
Page views94
Page last viewedTue Jan 17 06:22:21 UTC 2017
Pages29
Paragraphs508
Words2564

Comments