This paper introduces the private notions of accounting at fair value in terms of concepts, measurement and disclosure, and highlights the most important challenges facing the external auditor in auditing accounting estimates for the fair value according to the International Accounting Standards...

According to Enron cases, it was the biggest scandal ever made in the U.S. history. A company that huge finally collapses within one night. All those problems occur during the responsibilities of two biggest scams, Jeff Skilling and Andy Fastows. No one knows that these two persons are a very...

Accounting is shaped by economic and political forces. It follows that increased worldwide integration of both markets and politics (driven by reductions in communications and information processing costs) makes increased integration of financial reporting standards and practice almost...