The Survey Within The Survey; What People Who Keep The Books Think Of Fair Value Accounting
Before anyone buys or sells a stock, one has to determine what the underlying assets are worth. How ones current assessment of the asset values compares to how much the assets ultimately turn out to be worth determines whether one have made a good or bad trade. How to set a value on an asset has become an increasingly controversial issue as the financial market dominoes fall, especially since subprime mortgages began going into default at much higher than expected rates. Part of a survey conducted by the American Institute of Certified Public Accountants (AICPA).