Business, Management and Accounting
4 years ago

Fair value accounting creates new margins of discretion for financial statement preparers.

2 views
RePEc: Research Papers in Economics
Fair value: actuarial accounting for the markets... or for the accountants?
Lambert Jerman

Paper Summary

Fair value accounting, often seen as market-based, actually resembles actuarial accounting due to a shift in thinking. This change creates more flexibility for standard-setters and financial statement preparers, offering investors more information without increasing transparency in financial reporting.

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