Corporate Governance, Fair Value and Accounting Reforms

摘要

Corporate governance, mainly to solve the objective of financial reporting-concept offiduciary duty, but the fair value measurement considers financial reporting another goal-decision-usefulness view. This paper analyzes the corporate governance requirements for the accounting measurement basis, look to the future of the accounting reform, concluded that: Improvement of corporate governance structure and corporate governance theory, to a certain extent, prevent the misuse of accounting estimates, and thus promote the development of fair value measurement; future accounting reform will be value-based, and fair value measurement is the best form of value measurement, but also the corporate governance requires on the basis of accounting measurement. Therefore, the fair value as the measurement basis should be an important part of the accounting reform in the future.