Magnan, Michel - Centre Interuniversitaire de Recherche en Analyse des … - 2009
Did fair value accounting play a role in the current financial crisis? This appendix explores the issue. Fair value … critical of the perceived merits of fair value accounting, and which worries about how it undermines what constitutes the core … of financial reporting. More specifically, it is argued that fair value accounting is difficult to verify, may be based …