15 October 2009
This year's P D Leake Lecture was given by Professor Michael Power of the Department of Accounting, LSE, on Thursday 15 October 2009 at ICAEW's Chartered Accountants' Hall in London. He spoke on 'Fair value: the influence of financial economics on accounting'. The lecture examined how different conceptions of reliability are at stake in the fair value debate, and how financial economics is influencing ideas of reliability grounded more in economic valuation methodologies than in traditional notions of realisation.
The lecture was followed by a practitioner response from Patricia McConnell. Ms McConnell is a Board member of the IASB (from 1 July 2009). She is also a former Senior Managing Director, Equity Research, Accounting and Tax Policy Analyst, Bear Stearns & Co.
Following a question and answer session, the event concluded with a drinks and canapés reception.
It was an invitation-only event, funded by the ICAEW's charitable trusts.
To see the webcast please click here.