Archive 2016-95: Current Developments in Fair Value Measurement




2016-95: Current Developments in Fair Value Measurements

**Webinar95 Live Broadcast Date: April 26, 1:00-3:00 pm EdT**

VPS StraightTalk Webinar Series: Current Developments in Fair Value Measurements

Fair value measurement in financial reporting is a controversial topic. Investors indicate that they prefer the information that fair value conveys when making an investment decision. Some preparers, particularly certain private companies, wonder if fair value is worth the cost and complexity for their needs. Fair value measurement requires certain judgment by valuation specialists and presents unique challenges to preparers and auditors.

Current Developments in Fair Value Measurements will provide the audience with the current status of best practices in fair value measurement for financial reporting, including the latest information on private company alternative accounting and the fair value quality initiative. Regulator viewpoints on measuring fair value and other audit concerns will be discussed as well as the status of credentialing valuation specialists who practice in this area.

Learning Objectives:

  • The participant will learn the latest best practices in fair value measurement
  • The participant will learn about the role of the Private Company Council
  • The participant will learn what regulations govern fair value
  • The participant will learn about the fair value quality initiative


1. History of Fair Value Measurements in Financial Reporting

2. Latest “Best Practices” in Fair Value Measurement for valuation specialists

a. ASC 820 Fair Value Measurement

b. ASC 805 Business Combinations

c. ASC 350 Goodwill and Other Intangible Assets

d. ASC 360 Property, Plant and Equipment

3. Private Company Council (PCC)

a. Development of Private Company Council

b. Is there Big GAAP/Little GAAP?

c. Private company accounting alternatives with fair value

d. Should private companies elect the alternatives?

4. Regulators and Fair Value – what valuation specialists should know

a. Security and Exchange Commission guidance

b. PCAOB guidance for auditing fair value

c. PCAOB audit deficiencies related to fair value measurements

d. Issues in auditing fair value

5. Fair Value Quality Initiative

a. History and development

b. Current status

c. Credentials for valuation specialists

6. Future of Fair Value in Financial Reporting


Information on CPE credits, refund policies, and complaint resolution can be found at

This downloadable archived webinar package is an interactive video of the webinar with the original webinar handouts.

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Additional information

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