No cause for alarm - but care still needed. This issue of Fair Value Insights shares insights on topical issues and the challenges encountered as we help our clients navigate fair value reporting requirements.
In this issue, we focus on NZ IFRS 13 Fair Value Measurement. This year we have seen the first tranche of preparers grapple with the practical interpretation of the new standard.
Fair Value Insights takes a closer look at three core concepts that we are encountering repeatedly in our discussions with clients – Unit of Account, Highest & Best Use and Credit Valuation Adjustments – and the challenges they present. More importantly, it offers some practical solutions for implementation.
© 2017 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.