CP 15-3 Ethics and fair value measurement Financial assets include stocks and bonds. These are fairly simple securities that car often be valued using quoted market prices. However, there are more complex financia instruments that do not have quoted market prices. These complex securities must stil be valued on the balance sheet at fair value. Generally accepted accounting principle require that the reporting entity use assumptions in valuing investments when marke prices or critical valuation inputs are unobservable. What are the ethical considerations in making subjective valuations of these comple financial instruments