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About one-third or fewer companies plan to use the fair value option, FAS 159, in auditing complex financial data, according to a survey of CFOs and controllers by Grant Thornton LLP. That percentage drops to 28% when it comes to reporting the most complex and controversial products: derivatives. A bigger share (35%) of the 688 respondents intends to adopt the standard for evaluating liabilities; other financial instruments (32%); and equity-method investments (31%).

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