Fair value accounting and audit fees: The moderating effect of the global financial crisis in Jordan

This article introduces new empirical evidence exploring the relationship between introduction of Fair Value Disclosure (FVD) and audit fees, moderating effect Global Financial Crisis (GFC) on this relationship. study is primarily motivated by limited inconclusive research monitoring costs resulting from FVD. The Ordinary Least Squares (OLS) method using a sample 222 Jordanian firms during 2005–2018 applied. analysis finds that greater level FVD major cause high fees. Results are more pronounced for with larger proportions subjective FVDs (Level 3 assets). A significant negative (positive) impact precrisis (post-crisis) period association proportion fair-valued assets fees confirmed. regression results confirm pre-crisis all-fair value input levels (Levels 1, 2 assets) post-crisis has positive only in relation to Level 1 assets. Findings provide policymakers standards setters updated originating non-Western setting about post-implementation