Investors Misled by Biased Property Valuations, Auditors Struggle to Verify
The article looks at how auditors check the accuracy of fair values in financial reports. They found that auditors often rely on the numbers given by the company, which can lead to biased results. This means there is a risk of incorrect fair values being reported. The study suggests that auditors need to find better ways to check fair values to reduce this risk. This information helps investors and others understand how reliable the fair values of investment properties are in financial reports.