Laux, Christian; Leuz, Christian - In: Accounting, Organizations and Society 34 (2009) 6-7, pp. 826-834
The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge for FVA going forward and standard setters' push to extend FVA into other areas. In this article, we highlight four important issues as an...