Business, Management and Accounting
4 years ago

Auditors Overcome Fair Value Challenges, Boosting Transparency and Trust in Financial Reporting

1 view
SSRN Electronic Journal
The Impact of Fair Value on Audit Quality: Evidence from Tunisia
Salem Lotfi Boumediene, Emna Boumediene, Ikram ikram Amara

Paper Summary

The study asked Tunisian auditors about how fair value affects audit quality. Most auditors find fair value challenging but it doesn't harm audit quality. Many auditors think the International Standards on Auditing 540 help deal with fair value challenges. Tunisian auditors believe the benefits of fair value outweigh the difficulties, and the ISA 540 provides the necessary tools to handle fair value estimates.

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