Whoever may be concerned,

I have my client who closes books of account at 31 December. We are now in the middle of audit of books of account for the year ended 31 December 2008. Our client has US Government bonds to which we have already received confirmation from CITI Bank, now the question is how to get Fair Value of this bond as at 31 December 2008


LelooTZ

I would suggest that by way of a note to the Accounts, you would endeavour to
put THE ESTIMATED REPLACEMENT VALUE
of the BOND which was officially quoted
at the date of signing your Audit.

I would suggest that by way of a note to the Accounts, you would endeavour to
put THE ESTIMATED REPLACEMENT VALUE
of the BOND which was officially quoted
at the date of signing your Audit.

Thank you for your response, my problem is actually not how to disclosure but how to get Bid Price as at 31 December 2008.

Regards

Cost or any Historical Value is so
unimportant.
It is what the Bonds Value is TO-DAY that is really important!

Inviting you to read more on the
Estimated Replacement Value Theory.

As for the bid price of the date you need, I am sure that you would get past Financial Newspapers at your Public Library.


regards

rolcam.

Thank you for your valued advise.

Regards

Vincent