Research on Control Mechanism About Fair Value Accounting Information

Fair value accounting agrees with risk management,and application of fair value becomes larger and larger.Meanwhile because fair value measurement depends on management strategy and judgment highly,so risks of material misstatement are hidden in it.This highlights the importance of establishment of control mechanisms about fair value accounting information.So more and more research on relevant control about measurement and disclosure of fair value.Based on this,this paper sets up the fair value information committee as the implementing agency,which is directly under the control of the directors.In detail it suggests to establish the whole process control mechanism,that is from recognition,measurement,disclosure to the continuous monitoring.