The American institute of CPAs has published a set of technical practice aids to help auditors and prepar-ers understand the accounting rules on determining the fair value of investments in entities that calculate a net asset value.rnTechnical Practice Aids Sections 2200.18-.27 offer non-authoritative implementation guidance to Accounting Standards Update 2009-12, Invesrments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent), which is effective for reporting periods ending after Dec. 15, 2009. If certain criteria are met, the rule allows an investor, as a practical expedient, to estimate the fair value of an alternative investment on the basis of its net asset value.
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