Relevance and Credibility of the Fair Value Measurement During the Crisis

The crisis in the recent years has rapidly spread on all financial markets, continues to induce uncertainties in the global economy, which bring back a controversial topic, that of insufficient information in the financial statements with regard to the methods of evaluating assets and liabilities. The controversies that animate these debates concern the choice between the evaluation models at historical costs and at market values, each of them having its advantages and disadvantages addressed through the objectivity of the evaluation process and of opportunity and credibility of the accounting information, but also the concern of the bodies involved in the international accounting normalization.