Trust in Fair Value Accounting: Evidence from the Field

• Main Authors: GOH, Clarence, Lim, Chu Yeong, Ng, Jeffery, PAN, Gary, Ow Yong, Kevin
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: trust; fair value accounting; Conceptual Framework; Accounting; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/1926; https://ink.library.smu.edu.sg/context/soa_research/article/2953/viewcontent/SSRN_id3924057.pdf
• Institution: Singapore Management University

We survey stakeholders in the financial reporting process to examine trust in fair value accounting. Although respondents demonstrate high confidence in financial statements, they believe that fair value accounting decreases trust in financial reporting and that preparing fair value numbers is costl...