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    lelooTZ's Avatar
    lelooTZ Posts: 4, Reputation: 1
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    #1

    Mar 7, 2009, 12:08 AM
    Fair Value for US Government Bonds
    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
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 7, 2009, 02:27 AM

    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.
    lelooTZ's Avatar
    lelooTZ Posts: 4, Reputation: 1
    New Member
    		  
    #3

    Mar 7, 2009, 05:27 AM
    Quote Originally Posted by ROLCAM View Post
    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
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #4

    Mar 7, 2009, 05:25 PM

    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.
    lelooTZ's Avatar
    lelooTZ Posts: 4, Reputation: 1
    New Member
    		  
    #5

    Mar 8, 2009, 11:09 PM

    Thank you for your valued advise.

    Regards

    Vincent
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