Author(s): Xu Yaxuan

Abstract: As a new measurement attribute, fair value has attracted significant attention since its inception and remains a challenging hotspot and difficulty in international accounting. The introduction of fair value into China’s new accounting standards in 2006 marked a major breakthrough. This paper analyzes the impact of fair value on corporate profits under the new accounting standards and explores the relationship between fair value and accounting fraud.

Keywords: Fair value; Corporate profit; Financial fraud

Article Info: Received: 15 Nov 2021; Received in revised form: 18 Dec 2021; Accepted: 22 Dec 2021; Available online: 31 Dec 2021

DOI: 10.22161/ijels.66.54