Is Fair Value Fair Financial Reporting from an International Perspective [Hardcover]

The failure of current mechanisms to either predict the collapse of various companies or curb corrupt practises has kept the subject of external reporting to the fore. Is Fair Value Fair? Financial Reporting in an International Perspective contains contributions from many highly-respected individuals involved in external reporting, regulation and standard setting. Their contributions discuss the future of

• regulation
• application of standards
• supervision
• audit

Current trends are discussed, as are ways in which the current regulatory environment could be improved.

With the new IFRS regulations coming into force in 2005, financial reporting is set toface radical changes. Is Fair Value Fair? fully prepares readers for these changes and is an invaluable tool for corporate financiers and institutional investors with an interest in the regulatory environment.

 

About the Editors.

List of Abbreviations.

Introduction (W. Verhoog).

1. Is fair value fair: Expert opinions on financial reporting from an international perspective: brief impressions (W. Verhoog).

Part I The future of international accounting.

The model of Black and Scholes is like Newtonian physics before Einstein was born (R. Elliott).

Current US accounting issues (N. Strauss).

Part II Regulations and regulators.

We have to produce one set of unified high-quality global standards (D. Tweedie).

EFRAG: a new force to be reckoned with in the reporting field (J. Van Helleman).

Not partial, but full application of IAS (L. van der Tas).

IAS and the European Union (K. van Hulle).

IAS and legislation (J. Klaal“w