Wait not for another crisis: Weighing in on the fair value accounting debate

• Main Author: Knowledge@SMU
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Accounting; Business; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/ksmu/83; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1082&context=ksmu
• Institution: Singapore Management University

The use of fair value accounting – simply defined as the booking of numbers based on current market value – has been named as a catalyst in worsening the recent financial crisis. Emerging from the rubble, accounting regulators, like the IASB and FASB, together with industry players, are now trying t...