Download Now Free registration required
The adoption of international accounting standards is considered to have a vital role in contributing to financial stability. This paper will also illustrate how the implementation of accounting standards and policies, in certain instances, have contrasted with Basel Committee initiatives aimed at mitigating procyclicality and facilitating forward looking provisioning. More importantly, the paper will highlight how and why differences between regulatory and accounting policies could (and should) be mitigated. This paper focuses on the rationale for fair value accounting, as well as problematic issues arising from its implementation.
- Format: PDF
- Size: 641.8 KB