FAIR VALUE MEASUREMENT: MASALAH BARU ATAU SOLUSI PADA PELAPORAN KEUANGAN (STUDI FENOMENOLOGI ATAS PANDANGAN AUDITOR)
Abstract: This study was
conducted to understand and explain the use of fair value as the basis of
valuation in corporate financial reporting. This study aims to answer four (4)
research questions: First, how the auditors understand the meaning of fair
value in accounting measurements. Secondly, how auditors see the role of fair
value in increasing the relevance of accounting information. Third, whether
auditors face problems in the application of fair value. Fourth, potential
solutions that can be offered to overcome the problems arising in the application
of fair value. This study is qualitative research with used a fenomenology
intepretif approach. Data obtained using deep and direct interviews and were
analyzed using techniques of analysis suggested by Moustakas (1994). The
results showed that all informants can explain how to estimate fair value.
However, not all informants are able to understand the meaning of fair value in
the context of fair value required by the IASB (IFRS 13). In addition, all
informants recognized the importance of fair value in Indonesia. Secondly, all
informants agreed that the use of fair value as a basis of valuation in
financial reporting is believed to improve the relevance of financial
reporting. Fair value is considered more able to reflect the value of an asset
or liability in accordance with the actual conditions. Third, there are
problems that arised from the application of fair value as regards to the time
difference between the date of the appraisal report and the cut-off date of the
financial statements, audit reports pending, tax regulation, additional costs
and difficulties in obtaining guidelines for the implementation of fair value.
The latest findings, there are several solutions that can be offered such as
the need for regulatory reform of taxation, and the need to etablish practical
guidance of fair value measurement.
Penulis: Indri Hardiani, Anis
Chariri
Kode Jurnal: jpakuntansidd140913
