Fair value accounting – an industry view

Abstract

The author notes the proposals put forward by the Joint Working Group of Standard Setters on Financial Instruments and sets out the arguments why the banking community is against the concept of measuring financial instruments under a fair value accounting system. He suggests that the proposals should be abandoned and that the accounting standard setters join with the banking industry to produce improvements in financial reporting.

Citation

Chisnall, P. (2001), "Fair value accounting – an industry view", Balance Sheet, Vol. 9 No. 1, pp. 27-33. https://doi.org/10.1108/09657960110695259