Reforming the International Accounting Standards IAS/IFRS: A Need to Recover the Financial Stability?

Abstract

We shall demonstrate in this paper, how often has the recent financial crisis been amplified by rising economic downturns. First, we will establish a brief description about the financial stability, then we'll see what will be the effects of fair value on the cycle of financial crisis and then finally, we’ll see that beyond international accounting standards it’s the measurement at fair value that should be reviewed.

DOI: 10.5901/mjss.2014.v5n15p141