Common peer review issues related to fair value disclosures

Navigating the complexities of fair value disclosures has been a challenge since the introduction of SFAS No. 157, Fair Value Measurements. Originally issued in September 2006, SFAS No. 157 has undergone several amendments, and a number of Accounting Standards Updates have been issued. Professionals need to keep pace with the evolving disclosure requirements. Additional obligations have significantly impacted how organizations prepare their financial statements, particularly in clarifying the valuation techniques and inputs used in fair value measurements. This includes specific