Valuation for financial reporting (...

Valuation for financial reporting (VFR) or "mark-to-market," is an issue appraisers have been hearing about during the last not many years. Although initially portrayed as a potential "silver bullet" for appraisers--perhaps as lucrative as FIRREA (1)--the reality is turning revealed to be a bit more proper but no less noteworthy.

One factor driving mark-to-market is the interest for transparency and accuracy of financial statements in the wake of financial reporting scandals. Following the Enron and WorldCom debacles, the U Congres passed the Sarbanes-Oxley Act of 2002 (the Act) "to fortify investors by improving the accuracy and reliability