kaal:claim:4033886-004

The accounting definition of fair value may not apply to digital assets, with the consequence that correct valuation of digital assets for financial reporting purposes may be impossible.

Source quote, verbatim

The definition of fair value under existing accounting terminology may not apply to digital assets.2 As a result, the correct valuation of digital assets may not be possible for financial reporting issues.

From

Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022), I. Introduction, p. 3
https://ssrn.com/abstract=4033886 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

Holds when

under existing accounting terminology such as FASB 157 and IFRS 13

Classification

failuresupport: arguedfailure: fair value definitional mismatchfamily: valuation-and-pricing-failuredisclosure

Verify

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