Title: Fair value in International Accounting Standard setting: literature review and critical analysis on its practice in the different accounting standards

Authors: Donatien Avelé; Patrice Nyengué Édimo

Addresses: Faculty of Administration, University of Moncton, Moncton, New Brunswick, E1A 3E9, Canada ' ESCGE, School of Management, BP. 11151 Yaoundé, Cameroun

Abstract: Recent years have been marked by major changes to the process of standardisation and harmonisation of international accounting. In most countries, although imposed by the IAS 39 standard on financial instruments, fair value is particularly challenging. But why is fair value imposed as a valuation model in accounting standards? Thus, the object of this paper is to present a state of the art and debate the use of the fair value in financial assets accounting.

Keywords: FRS; IAS; fair value; financial assets; International Accounting Standards; standards setting; literature review; critical analysis; standardisation; valuation models.

DOI: 10.1504/IJCA.2015.071989

International Journal of Critical Accounting, 2015 Vol.7 No.4, pp.351 - 365

Published online: 27 Sep 2015 *

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