2012
DOI: 10.4172/2168-9601.1000101
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Credit Crisis with Focus on Level Three Valuations and FAS 157: Analysis and Recommendations for Change

Abstract: The paper examines the effect of level three valuations and FAS 157 implications on investors, auditors' work, valuation disclosures and gives recommendations for improvements based on best practices. The aim of this research is to demonstrate that the fair value measurements should not be suspended. The standards provide for measurement of fair value in all market conditions. Therefore, level 3 measurements or mark-to-model is an answer for many issuers that are not sure how to measure their assets and liabil… Show more

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Cited by 1 publication
(1 citation statement)
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“…Some corporate governance research in banking industry has focused only on a single aspect of corporate governance, such as the role of the board of directors or shareholders, without analyzing other factors and interactions that may be important within corporate governance framework. For example, only one research was conducted in 2009 by the RIINVEST Institute in Kosovo, which mainly elaborates on the existing state Hoti andDermaku / International Journal of Finance &Banking Studies, Vol 7 No 3, 2018 ISSN: 2147-4486 of corporate governance of the banking and insurance sector, but does not go on to show its impact on the banking sector performance (RIINVEST, 2009).…”
Section: Ownership Structurementioning
confidence: 99%
“…Some corporate governance research in banking industry has focused only on a single aspect of corporate governance, such as the role of the board of directors or shareholders, without analyzing other factors and interactions that may be important within corporate governance framework. For example, only one research was conducted in 2009 by the RIINVEST Institute in Kosovo, which mainly elaborates on the existing state Hoti andDermaku / International Journal of Finance &Banking Studies, Vol 7 No 3, 2018 ISSN: 2147-4486 of corporate governance of the banking and insurance sector, but does not go on to show its impact on the banking sector performance (RIINVEST, 2009).…”
Section: Ownership Structurementioning
confidence: 99%