show me article that shows IFRS 13 are having an issue of its reliability due to certain crisis, recent one please. thank you
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The use of fair value to measure assets and liabilities inevitably results in fluctuations in profit or loss, which can be large. Users of financial statements, therefore, need information that clearly explains the source of these fluctuations - whether they are realized or unrealized, based on objective or subjective information, real transactions and market activity or estimates. Discuss how IFRS 13 attempts to overcome these issues when providing information to users of financial statements.
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Find the report (from 2013 or later) of a publicly held company with an audit opinion that has an Adverse Opinion, a Disclaimer of Opinion, or a Qualified Opinion related to a Going Concern Issue. Explain the going concern audit opinion and the "qualified" audit opinion. Explain how the opinions differ based upon IFRS and GAAP and the implications of SAS 126. Include the audited financial statements. Highlight the opinion. Explain what happened to the company including: - The stock price both before, during, and after the report was issued. - What happened the following year. - Anything else interesting.
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