Which of the following information must be provided in the financial report about level 3 fair valuations?

Group of answer choices

A. A description of the valuation technique used

B. If the asset is not being used for its highest and best use why this is the case.

C. Quantitative information on the inputs used in the model.

D. All of the above.

Which of the following is NOT a disadvantage of regulation?

Group of answer choices

A. It can be difficult to determine the optimal regulations

B. It can restrict communication

C. It leads to standardisation

D. It can be difficult to reverse