Major
audit firms have recommended that companies rely on an independent
resource for developing fair values for financial instruments.
The methodology for obtaining reliable fair values that conform
to US GAAP is critical because auditors are tasked with auditing
fair values that are produced for financial statements.
The
development of a consistent framework for fair values of various
instruments, particularly stock options, and derivative instruments,
is evolving. There are a number of technical issues and academic
aspects of fair value modeling that require input from industry,
academia, and FASB sponsored task forces.
Financial Standards® is a provider of independent fair values for financial
instruments. Our methodologies are consistent with the latest
FASB standards, policy approaches of the national practice offices
of US accounting firms. We provide objective valuations and
guidance on accounting applications, with no strings attached.
Working with FASB, industry groups, and the national audit firms,
we employ approaches to valuation that incorporate the accounting
and industry consensus.