El valor de la prudencia

Gonzalo, Doocheol Moon. The aim of this paper is to contribute to the current discussion about fair value accounting FVA. Our findings are consistent with the argument that neutrality is supported by the exercise of prudence in achieving a faithful representation, since a non-conservative use of FVA can lead bank managers towards model misspecification error in the valuation of complex financial instruments. We conclude by arguing that the problem surrounding FVA can be mitigated if prudence is reinstated by standards setters. Valor Razonable en la ausencia de prudencia en las normas contables : El caso de las derivados exoticos. N2 - The aim of this paper is to contribute to the current discussion about fair value accounting FVA.