Revisit the article Fair Value Under Fireand consider other resources used throughout the course. Discuss the potential impacts of fair value within the professional field. What should be considered in regard to fair value accounting and whether it is the best decision for the company? What information would be most valuable to management, lenders, and investors as it relates to fair value or other concepts covered in the course?

this is the fire value under fire article.

The article presents information on the condition of the fair value accounting. International and U.S. audit and accounting companies are defending fair value accounting against criticism. Fair value accounting is referred as an element in efforts by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) of the International Federation of Accounting (IFAC) to close differences between U.S. and international accounting standards. It notes that lack of information increases estimation uncertainty and raises material misstatement risk.