Fair value for financial instruments – where to next?
Ian Hague
(Ian Hague is a principal with the Canadian Accounting Standards department and was a member of the Financial Instruments Joint Working Group of standards setters, which produced the recent global proposals for dealing with financial instruments and similar items. He has recently been a leading member of the team analysing the global responses to those proposals. The views expressed in this article are his own.)
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Abstract
Proposals for fair value measurement of all financial instruments in company financial statements have been subject to significant criticism. This article reviews the responses to the latest international proposals – those of the “Financial Instruments Joint Working Group of standard setters”. It concludes by recommending that the next steps to be taken in exploring this issue, rather than immediate standard setting, should be rigorous testing of the proposals with users and preparers of financial statements.
Keywords
Citation
Hague, I. (2002), "Fair value for financial instruments – where to next?", Balance Sheet, Vol. 10 No. 1, pp. 8-11. https://doi.org/10.1108/09657960210697346
Publisher
:MCB UP Ltd
Copyright © 2002, Authors