Commentary: Financial Reporting and Financial Crises: The Case for Measuring Financial Instruments at Fair Value in the Financial Statements PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. CFA Digest November 2011 | Vol. 41 | No. 4 | 3 pages Source: CFA InstituteThomas J. LinsmeierNatalie Schoon, CFA (Reviewer) Read Abstract The author offers his views on why he supports the Financial Accounting Standards Board’s proposal that financial instruments be measured at fair value. He cites the failure of current reporting guidelines, lessons from other crises, and the fact that fair value measures reflect the effects of interest rate changes. View more information Topics Financial Statement Analysis : Accounting and Auditing Standards Development Credits · About the CE Program 0 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits Loading ...