How Do Client-Provided Benchmarking Data Impact Auditors’ Evaluations of Level 3 Fair Value Discount Rate Assumptions?
This article summarizes ‘‘The Impact of Benchmark Set Composition on Auditors’ Level 3 Fair Value Judgments’’ by Bhattacharjee, Moreno, and Wright (2019), which examines how auditors’ judgments of the reasonableness of a client’s discount rate for a Level 3 investment are impacted by client-provided...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
American Accounting Association
2022
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |