The main subject of the Committee at its meeting on IDW 31st January 2011 will IDW S 8: " principles for the production of fairness opinions " noted.
The standard contains principles on which auditors opinion on a financial adequacy of transaction prices in the context of entrepreneurial initiatives. Such a fairness opinion is not a tool to identify core values, but a professional opinion on the outcome of a decision process.
The standard will be published in Issue 3 / 2011 of the IDW trade news and WPG Supplement 1 / 2011.
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