유형자산의 공정가치 개념과 평가주체 = Fair Value of Tangible Assets and Valuation Agencies

다국어 초록 (Multilingual Abstract)

With the introduction of K-IFRS, revaluation of the fair value for the company``s tangible assets is allowed. Unlike the previous accounting standards, however, the absence of clear regulation regarding who should appraise the fair value has caused conflict between appraisers and accounting firms. The purpose of this research is to suggest grounds that is able to settle the controversy between two parties based on the concept of the fair value. In terms of the valuation of the fair value, non-market values as well as market values should be comprehensively reflected. To be recognized in the financial statements, the valuation is carried out by the assesment process which is more closely referred to appraisers rather than accounting firms. Therefore it is appropriate for appraisers to take charge of the valuation of the fair value. The reasons why appraisers should evaluate the fair value as follows : First, under the current financial supervision system, banks and savings banks have to adopt the fair value of collateral evaluated by appraisers. Second, accounting firms which simultaneously measure the fair value of tangible assets and audit its fair value do not guarantee fairness and reliability of the financial statements considering the principle of checks and balances. Third, Public Notice of Values, Appraisal of Real Estate Act and Assets Revaluation Act clearly stipulate that the revaluation of tangible assets is only allowed to appraisers. Finally, appraisers have accumulated a wealth of experiences, expertise, and database by performing valuation on various assets including land, real estates, and enterprise over 40 years since real estates appraisal system was introduced, therefore it is reasonable that appraisers should evaluate the fair value of tangible assets.