Rutgaizer, V.M. Interpretation of the normative legal acts “On Appraiser Activity”

Abstract: The FASB Statement N. 157 on fair market value means a new stage in accounting according to the American GAAP standards. The Statement systematizes and provides for the conditions to define the fair value, as expressed in the fair market value within the system accounting. The author considers, that this Statement shall make the economists to take a totally new look at the existing legislation as well as on the normative acts of various economical government structures. This article includes analysis and the text of the above-mentioned Statement.