This paper backgrounds the recent changes to international financial reporting standards and some possible impacts on current valuation practices. Specifically, it debates issues surrounding the existing use principle and its ability to provide the required information for financial reporting. Also discussed is the role that interaction and debate between international bodies, such as IVSC and IASC, has in the resolution of such issues.
Dunckley, J. (2000), "Financial reporting standards: is market value for the existing use now obsolete? International valuation standards put into practice", Journal of Property Investment & Finance, Vol. 18 No. 2, pp. 212-224. https://doi.org/10.1108/14635780010324358
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