3 Ways to Test Fair Value Measurements

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3 Ways to Test Fair Value Measurements
Measuring accounting estimates involves some level of uncertainty. As a result, accounting estimates — such as allowances for doubtful accounts, impairments of long-lived assets, and valuations of financial and nonfinancial assets — require extra attention from auditors. Here’s a closer look at the current standards for auditing estimates and examples of specialists who may be hired to provide independent estimates.