Opening book details…
Can I read The Social Value of FASB on EtoBox?
The Social Value of FASB by Gregory B. Waymire; Sudipta Basu is a Economics, Econometrics and Finance article available to read on EtoBox.
What is The Social Value of FASB about?
## Abstract Ramanna (Unreliable accounts: How regulators fabricate conceptual narratives to diffuse criticism. Accounting, Economics and Law: A Convivium, this issue) argues that the FASB’s new Conceptual Framework deemphasizes reliability, and especially verifiability, in favor of representational faithfulness to facilitate the FASB’s promotion of an “asset-liability” approach measured at fair values. More importantly, he argues that this change is likely to generate costly unintended consequences by undermining reporting quality. We agree and consider more broadly whether FASB creates social value through better accounting knowledge, and whether it is time to sunset the FASB monopoly in establishing accounting standards.
Who reads The Social Value of FASB?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Gregory B. Waymire; Sudipta Basu
- Publisher
- Walter de Gruyter GmbH
- Published
- 2022
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)