Asset Impairment Accounting and Appraisers: Evidence from Japan.
Appraisal Journal, 76 (2):
p179 - 188 (20080301)Abstract
The asset impairment accounting system has been introduced
throughout the world since the mid-1990s. Even in Japan it has been
extensively introduced since 2006. This article clarifies the
characteristics of companies that used asset impairment accounting and
the actual conditions of appraisers' involvement. The analysis shows
that companies with high land-impairment ratios are conspicuously likely
to select an appraiser's valuation. Appraisers' participation in asset
impairment accounting restricts directors' discretionary behavior and
suggests the possibility of increasing financial reports' reliability.
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