In the current global financial turmoil, more transparency is needed, not less, say Singapore Management University professor of accounting Andrew Lee and accounting lecturer Lim Chu Yeong. While some critics argue that fair-value accounting is partly to blame and should be suspended, in a recent commentary Lee and Lim made the case for fair-value accounting as having an important role to play in providing timely and relevant information to investors.
Accounting | Business | Finance and Financial Management
Copyright Owner and Holder
Copyright © Singapore Management University 2012
Finance and Accounting
Fair-value Accounting Provides Much Needed Transparency in Dislocated Markets. (2008). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/49