The application of fair value to standing timber requires considerable judgment, and the presentation of this valuation is of growing interest. There are major questions as to how the standard is being applied to forest assets.
In 2009, we published a study on how fair value was being applied by forest owning companies applying IFRS. In this 2011 study, based on 2009-10 financial statements, we review how fair value is being applied by companies included in the 2009 study, and by early adopters in regions now migrating to IFRS.
The update study had three key objectives in focus, on which to gain insight:
Download the study to read our insights and recommendations to forest owning companies, based on the findings of our research.