This paper builds on and contributes to the currently emerging literature on CFO’s compensation and turnover. We focus on the association between the CFO’s compensation and turnover and his/her “accounting talent.” We contend that the accounting talent of CFOs can be measured by...

Using a sample of real estate investment firms adopting IFRS, we evaluate the value relevance of Level 3 fair values and whether it is impacted by the actual underlying assumptions. This context is unique in that there is generally only one material asset type (investment properties) and they...