Fair Value Accounting and Implications for the Auditing Profession: Historical Overview
نویسندگان
چکیده
منابع مشابه
Fair Value Accounting for Liabilities and Own Credit Risk
Changes in credit risk may arise when either the value or the risk of corporate assets changes. Changes in the equity value associated with the changes in the asset value and changes in asset risk can be characterized into potentially countervailing direct and indirect effects. The indirect effect of risk on equity value is a function of factors that affect the debt value of including leverage,...
متن کاملfair value accounting for liabilities and own credit risk
changes in credit risk may arise when either the value or the risk of corporate assets changes. changes in the equity value associated with the changes in the asset value and changes in asset risk can be characterized into potentially countervailing direct and indirect effects. the indirect effect of risk on equity value is a function of factors that affect the debt value of including leverage,...
متن کاملFair-Value Accounting for Federal Credit Programs
The federal government supports some private activities—such as home ownership, postsecondary education, and certain commercial ventures—through credit assistance offered to individuals and businesses. Some of that assistance is in the form of direct federal loans, and some is through federal guarantees of loans made by private financial institutions. At the end of fiscal year 2011, about $2.7 ...
متن کاملThe Concept of Profession: a Historical Perspective Based on the Accounting Profession in China
Sociologists have been struggling to concur on a single definition that can encapsulate the notion of a profession. This paper gives an overview of the definitional problem on the concept of profession and offers a further understanding of this concept by adopting a historical perspective. The accounting profession in China is chosen as a case study, and the process of professionalisation of th...
متن کاملSarbanes-Oxley and the Accounting Profession: Public Interest Implications
The US accounting profession was caught up in, and some say responsible for, the whirlwind of accounting and business scandals that rocked the US markets in 2002. To restore investor confidence in financial information, the Sarbanes-Oxley Act created a new Public Company Accounting Oversight Board with the authority to set standards for auditors of publicly traded companies, thus ending a centu...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Accounting and Finance Research
سال: 2020
ISSN: 1927-5994,1927-5986
DOI: 10.5430/afr.v9n3p31