The aim of this paper is to examine the pros and cons of book and fair value accounting from the perspective of the theory of banking. We consider the implications of the two accounting methods in an overlapping generations environment. As observed by Allen and Gale(1997), in an overlapping generation model, banks have a role as intergenerational connectors as they allow for intertemporal smoot...

Purpose The purpose of this article is to study how fair values in financial reports are audited. Design/methodology/approach a qualitative case based on in-depth interviews. Findings One important finding that auditors anchor the figure presented by company, and despite auditing efforts, there substantial risk management bias reported. There for confirmation bias. Research limitations/implicat...

AbstractBiological assets are growing owned by a company and can provide economic benefits in the future. In Indonesia, biological recorded recognized based on PSAK 69. The 69 requires use of fair value method to measure that were previously measured using historical cost method. This study aims determine impact implementation financial performance. also investigates effect environmental report...