The NSSMC emphasizes the importance of fair value measurement of assets

The Commission continues to improve mechanisms for controlling the valuation of assets of capital market participants and organized commodity markets.

Thus, in response to cases of significant overstatement of the balance sheet value of assets, the Commission obliged participants to engage independent appraisers to confirm their value in cases where it exceeds 100% of the acquisition cost or previous balance sheet value. At the same time, the NSSMC requested the Audit Chamber of Ukraine to provide clarification on the responsibility of auditors for confirming the value of assets in financial statements and the practice of applying international auditing standards.

Therefore, in order to raise awareness among auditors when auditing financial statements, the Commission has developed an information letter based on materials from the APU. It contains key highlights and practical guidelines to ensure greater reliability and transparency in reporting.