FAIR VALUES AND THE CONCEPTUAL FRAMEWORK Find and read the following article: Whittington, G 2008 ‘Fair value and the IASB/FASB Conceptual Framework project: an alternative view’, Abacus, vol. 44, no. 2, pp. 139–68. Required Whittington argues there are two broad schools of thought in relation to measurement: the fair value view and the alternative view. What are the main conceptual features of these two views? Explain which view you prefer. CASE STUDY