Down the Rabbit Hole; or, The Further Adventures of Fair Value in SFAS 157

Business Valuation UpdateVol. 13 No. 7
Special Reports
July 2007


Most analysts, accountants, and valuation specialists agree that SFAS 157, Fair Value Measurements, has taken them into a whole new world. Instead of valuations based on current use by current owners, SFAS 157 introduces definitions based on hypothetical ...