Focuses on the scope of work and extent of documentation that professionals should apply to their valuations of financial instruments under the FIPF.
Learning Objectives
Recall the purpose, primary goal, and scope of the framework.;Identify the primary benefits to valuation professionals and third parties.;Recall the documentation requirements for fair value engagements.;Identify the components of professional competence and professional skepticism.;Identify the basic information required in a valuation report to comply with the framework.
Major Topics
Purpose of the Financial Instruments Performance Framework (FIPF);Benefits of the FIPF;Scope of work and documentation under FIPF
