{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,8,2]],"date-time":"2025-08-02T17:37:56Z","timestamp":1754156276943,"version":"3.41.2"},"reference-count":104,"publisher":"Emerald","issue":"3","license":[{"start":{"date-parts":[[2024,9,27]],"date-time":"2024-09-27T00:00:00Z","timestamp":1727395200000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["JFC"],"published-print":{"date-parts":[[2025,3,27]]},"abstract":"<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n<jats:p>The purpose of this study is to inquire about the structural possibility of \u201cfair value\u201d accounting being used to commit and conceal financial crimes such as fraud, theft, money laundering, tax evasion and corruption.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n<jats:p>This study builds on the embezzler test, a recently developed test that examines whether normative architectures are sufficiently well equipped to cope with illicit financial flows that cross the boundaries of organizations and countries. This test was applied to both the entire \u201cfair value\u201d system and the \u201cfair value\u201d accounting that have been gradually introduced in modified historical cost accounting systems.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n<jats:p>\u201cFair value\u201d accounting is formulated in such a manner that it does not provide a means of detecting and penalizing potential criminals. Therefore, owing to the malfunctioning of its normative architecture, evidence of criminal wrongdoing that could be associated with \u201cfair value\u201d accounting systems is difficult to find because of the deprivation of mechanisms for detection and subsequent disciplining. Indeed, rather than reduce financial crime, \u201cfair value\u201d accounting reduces the possibility of finding criminal evidence.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Research limitations\/implications<\/jats:title>\n<jats:p>A new research field can explore how \u201cfair value\u201d accounting allows financial crimes such as fraud, theft, money laundering, tax evasion and corruption to remain undetected and unpunished.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Practical implications<\/jats:title>\n<jats:p>Unless private accounting standard setters as IASB and FASB can solve this fundamental problem regarding financial crime detection and penalizing, the case can be made for the phasing out of \u201cfair value\u201d accounting systems. The return of accounting norms to the government sphere may be a necessary pathway. This can only happen if policymakers produce necessary legislation.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n<jats:p>To present a new research argument against \u201cfair value\u201d accounting systems, which demonstrates the limitations and fragilities of this accounting system regarding illicit financial flows and other financial crimes that rely on illicit financial flows.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/jfc-01-2024-0033","type":"journal-article","created":{"date-parts":[[2024,9,25]],"date-time":"2024-09-25T23:18:53Z","timestamp":1727306333000},"page":"661-680","source":"Crossref","is-referenced-by-count":1,"title":["Fair value accounting and untraceable financial crime"],"prefix":"10.1108","volume":"32","author":[{"given":"Tiago","family":"Cardao-Pito","sequence":"first","affiliation":[]}],"member":"140","published-online":{"date-parts":[[2024,9,27]]},"reference":[{"issue":"8","key":"key2025032609003535100_ref001","doi-asserted-by":"crossref","first-page":"1263","DOI":"10.1108\/AAAJ-01-2015-1943","article-title":"The dark side of professions: the big four and tax avoidance","volume":"28","year":"2015","journal-title":"Accounting, Auditing and Accountability Journal"},{"key":"key2025032609003535100_ref002","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.cpa.2018.05.001","article-title":"Paying taxes is losing money\u2019: a qualitative study on institutional logics in the tax consultancy field in Romania","volume":"58","year":"2019","journal-title":"Critical Perspectives on Accounting"},{"issue":"2","key":"key2025032609003535100_ref003","doi-asserted-by":"crossref","first-page":"87","DOI":"10.1016\/S1138-4891(11)70029-2","article-title":"Fair value versus historical cost-based valuation for biological assets: predictability of financial information","volume":"14","year":"2011","journal-title":"Revista de Contabilidad"},{"issue":"3","key":"key2025032609003535100_ref004","article-title":"The current challenges for EU company and financial law and regulation","volume":"8","year":"2018","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"3","key":"key2025032609003535100_ref005","doi-asserted-by":"crossref","first-page":"191","DOI":"10.1080\/21552851.2018.1542229","article-title":"The lack of impact of fair value accounting: a commentary on \u2018fair value\u2019 accounting as the normative Fisherian phase of accounting","volume":"28","year":"2018","journal-title":"Accounting History Review"},{"key":"key2025032609003535100_ref006","doi-asserted-by":"crossref","first-page":"237","DOI":"10.1080\/17449480.2019.1664754","article-title":"Fair value: conceptual issues. In Mora, A., McGeachin, A., Barth, M.; Barker, R., Wagenhofer, A. and Joos, P. (2019): fair value accounting: the eternal debate \u2013 AinE EAA Symposium, May 2018","volume":"16","year":"2019","journal-title":"Accounting in Europe"},{"issue":"2","key":"key2025032609003535100_ref007","doi-asserted-by":"crossref","first-page":"331","DOI":"10.2308\/acch-50689","article-title":"Measurement in financial reporting: the need for concepts","volume":"28","year":"2014","journal-title":"In Accounting Horizons"},{"article-title":"Fair value and the formation of financial market prices through ignorance and hazard","volume-title":"The Routledge Companion to Fair Value in Accounting","year":"2018","key":"key2025032609003535100_ref008"},{"issue":"4","key":"key2025032609003535100_ref009","doi-asserted-by":"crossref","first-page":"585","DOI":"10.1093\/ser\/mwm011","article-title":"Socio-economic impacts of international accounting standards: an introduction","volume":"5","year":"2007","journal-title":"Socio-Economic Review"},{"issue":"1","key":"key2025032609003535100_ref010","first-page":"106878","article-title":"Managerial discretion and the comparability of fair value estimates","volume":"41","year":"2021","journal-title":"Journal of Accounting and Public Policy"},{"issue":"7\/8","key":"key2025032609003535100_ref011","first-page":"572","article-title":"Americanism and financial accounting theory \u2013 part 3: Adam Smith, the rise and fall of socialism, and Irving Fisher\u2019s theory of accounting","volume":"24","year":"2013","journal-title":"Critical Perspectives on Accounting"},{"issue":"1","key":"key2025032609003535100_ref012","doi-asserted-by":"crossref","first-page":"5","DOI":"10.1080\/09638180600920053","article-title":"The use of fair value in IFRS","volume":"3","year":"2006","journal-title":"Accounting in Europe"},{"issue":"1","key":"key2025032609003535100_ref013","doi-asserted-by":"crossref","first-page":"189","DOI":"10.1111\/1911-3846.12514","article-title":"Auditor independence and fair value accounting: an examination of nonaudit fees and goodwill impairments","volume":"37","year":"2020","journal-title":"Contemporary Accounting Research"},{"issue":"2","key":"key2025032609003535100_ref014","doi-asserted-by":"crossref","first-page":"328","DOI":"10.1111\/j.1536-7150.2012.00833.x","article-title":"Intangible flow theory","volume":"71","year":"2012","journal-title":"American Journal of Economics and Sociology"},{"issue":"2","key":"key2025032609003535100_ref015","doi-asserted-by":"crossref","first-page":"202","DOI":"10.1177\/0260107916643471","article-title":"A law for the social sciences regarding us human beings","volume":"28","year":"2016","journal-title":"Journal of Interdisciplinary Economics"},{"issue":"4","key":"key2025032609003535100_ref016","first-page":"369","article-title":"Classes in maximizing shareholders\u2019 wealth: Irving Fisher\u2019s theory of the economic organization in corporate financial economics textbooks","volume":"11","year":"2017","journal-title":"Contemporary Economics"},{"issue":"4","key":"key2025032609003535100_ref017","doi-asserted-by":"publisher","DOI":"10.1177\/1032373220934895","article-title":"Enlightenment value theories and the three levels in fair value accounting","volume":"25","year":"2020","journal-title":"Accounting History"},{"issue":"4","key":"key2025032609003535100_ref018","article-title":"Fisher-Modigliani-Miller and the financialization of contemporary societies","volume":"28","year":"2021","journal-title":"European Journal of the History of Economic Thought"},{"volume-title":"Intangible Flow Theory in Economics: Human Participation in Economic and Societal Production","year":"2021","key":"key2025032609003535100_ref019"},{"issue":"3","key":"key2025032609003535100_ref020","doi-asserted-by":"crossref","first-page":"878","DOI":"10.1108\/JFC-06-2021-0140","article-title":"An embezzler test for norms, standards, and regulations","volume":"29","year":"2022","journal-title":"Journal of Financial Crime"},{"issue":"2","key":"key2025032609003535100_ref021","doi-asserted-by":"publisher","DOI":"10.1177\/10323732221144799","article-title":"Prevalence of Fisher\u2019s theory in mainstream accounting and economic research","volume":"28","year":"2023","journal-title":"Accounting History"},{"issue":"4","key":"key2025032609003535100_ref022","doi-asserted-by":"crossref","first-page":"674","DOI":"10.1108\/JMLC-07-2023-0112","article-title":"How to identify norms, laws and regulations that facilitate illicit financial flows and related financial crimes","volume":"27","year":"2024","journal-title":"Journal of Money Laundering Control"},{"issue":"2","key":"key2025032609003535100_ref023","article-title":"Metaphysical status of money and sustainable organizations and ecosystems","volume":"23","year":"2024","journal-title":"Philosophy of Management"},{"issue":"59","key":"key2025032609003535100_ref024","first-page":"67","article-title":"The application of \u2018fair value\u2019 accounting standards to the income statements of firms listed in the Portuguese Stock Index-20 (PSI-20)","volume":"18","year":"2016","journal-title":"Review of Business Management"},{"issue":"3","key":"key2025032609003535100_ref025","doi-asserted-by":"crossref","first-page":"199","DOI":"10.1080\/21552851.2018.1545165","article-title":"Demystifying fair value accounting: rejoinder to Baker and Markarian","volume":"28","year":"2018","journal-title":"Accounting History Review"},{"issue":"3","key":"key2025032609003535100_ref026","doi-asserted-by":"crossref","first-page":"149","DOI":"10.1080\/21552851.2018.1541000","article-title":"Fair value accounting as the normative Fisherian phase of accounting","volume":"28","year":"2018","journal-title":"Accounting History Review"},{"issue":"4","key":"key2025032609003535100_ref027","doi-asserted-by":"crossref","first-page":"378","DOI":"10.1057\/s41310-021-00119-z","article-title":"Relevance of level 3 fair value disclosures and IFRS 13: a case study","volume":"18","year":"2021","journal-title":"International Journal of Disclosure and Governance"},{"key":"key2025032609003535100_ref028","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/S1041-7060(06)12001-5","article-title":"Auditor and audit independence in an age of financial scandals","volume":"12","year":"2006","journal-title":"Advances in Public Interest Accounting"},{"issue":"1","key":"key2025032609003535100_ref029","doi-asserted-by":"crossref","first-page":"53","DOI":"10.1111\/j.1540-6288.2007.00161.x","article-title":"Climate for scandal: corporate environments that contribute to accounting fraud","volume":"42","year":"2007","journal-title":"Financial Review"},{"issue":"6","key":"key2025032609003535100_ref030","doi-asserted-by":"publisher","DOI":"10.1080\/00014788.2021.1952060","article-title":"Moving toward the expected credit loss model under IFRS 9: capital transitional arrangement and bank systematic risk","volume":"52","year":"2021","journal-title":"Accounting and Business Research"},{"key":"key2025032609003535100_ref03100","first-page":"37","article-title":"Clearing away the sand: retrospective methods and prospective documentation in transfer pricing today","volume":"57","year":"2003","journal-title":"Tax Law Review"},{"issue":"3","key":"key2025032609003535100_ref031","doi-asserted-by":"crossref","first-page":"255","DOI":"10.1080\/21552851.2022.2036621","article-title":"The problematical nature of auditor independence: a historical perspective","volume":"31","year":"2021","journal-title":"Accounting History Review"},{"issue":"4","key":"key2025032609003535100_ref032","doi-asserted-by":"crossref","first-page":"398","DOI":"10.1080\/01559982.2020.1727177","article-title":"The true and fair view: exploring how managers, directors and auditors engage in practice","volume":"44","year":"2020","journal-title":"In Accounting Forum"},{"key":"key2025032609003535100_ref033","doi-asserted-by":"crossref","first-page":"13","DOI":"10.1016\/j.aos.2014.11.001","article-title":"Twisting words\u201d? A study of the construction and reconstruction of reliability in financial reporting standard-setting","volume":"40","year":"2015","journal-title":"Accounting, Organizations and Society"},{"issue":"4","key":"key2025032609003535100_ref034","doi-asserted-by":"crossref","first-page":"394","DOI":"10.1108\/13581980710835254","article-title":"How IFRS has destabilised financial reporting for UK non\u2010listed entities","volume":"15","year":"2007","journal-title":"Journal of Financial Regulation and Compliance"},{"issue":"3","key":"key2025032609003535100_ref035","article-title":"Determinants of football players\u2019 valuation: a systematic review","volume":"38","year":"2023","journal-title":"Journal of Economic Surveys"},{"issue":"2","key":"key2025032609003535100_ref036","first-page":"181","article-title":"Exploring the relevance and reliability of fair value accounting","volume":"12","year":"2022","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"3","key":"key2025032609003535100_ref037","doi-asserted-by":"crossref","first-page":"1297","DOI":"10.1111\/1911-3846.12342","article-title":"The worth of fair value accounting: dissonance between users and standard setters","volume":"35","year":"2018","journal-title":"Contemporary Accounting Research"},{"issue":"4","key":"key2025032609003535100_ref038","doi-asserted-by":"crossref","first-page":"311","DOI":"10.1016\/j.bar.2011.08.001","article-title":"In pursuit of legitimacy: a history behind fair value accounting","volume":"43","year":"2011","journal-title":"British Accounting Review"},{"issue":"1","key":"key2025032609003535100_ref039","doi-asserted-by":"crossref","first-page":"63","DOI":"10.2308\/ajpt-51514","article-title":"Current practices and challenges in auditing fair value measurements and complex estimates: implications for auditing standards and the academy","volume":"36","year":"2017","journal-title":"Auditing: A Journal of Practice and Theory"},{"issue":"3","key":"key2025032609003535100_ref040","doi-asserted-by":"crossref","first-page":"21","DOI":"10.2308\/JIAR-2021-034","article-title":"Trust in fair value accounting: evidence from the field trust in fair value accounting: evidence from the field","volume":"20","year":"2021","journal-title":"Journal of International Accounting Research"},{"key":"key2025032609003535100_ref041","doi-asserted-by":"crossref","first-page":"118","DOI":"10.1016\/j.intaccaudtax.2017.10.001","article-title":"Value relevance of biological assets under IFRS","volume":"29","year":"2017","journal-title":"Journal of International Accounting, Auditing and Taxation"},{"issue":"4","key":"key2025032609003535100_ref042","doi-asserted-by":"crossref","first-page":"344","DOI":"10.1057\/jdg.2010.15","article-title":"Perceptions of preparers, users and auditors regarding financial statement audits conducted by Big 4 accounting firms","volume":"7","year":"2010","journal-title":"International Journal of Disclosure and Governance"},{"issue":"3","key":"key2025032609003535100_ref043","article-title":"Fair value in financial reporting: problems and pitfalls in practice: a case study analysis of the use of fair valuation at Enron","volume":"32","year":"2008","journal-title":"Accounting Forum"},{"issue":"7","key":"key2025032609003535100_ref044","doi-asserted-by":"crossref","first-page":"861","DOI":"10.1108\/MAJ-09-2019-2405","article-title":"Mandatory audit firm rotation: a critical composition of prac-titioner views from an emerging economy","volume":"35","year":"2020","journal-title":"Managerial Auditing Journal"},{"issue":"1","key":"key2025032609003535100_ref045","article-title":"Costs and benefits of mandatory audit firm rotation: initial engagement experience of audit committee chairs and engagement partners","volume":"48","year":"2022","journal-title":"Accounting Forum"},{"key":"key2025032609003535100_ref046","doi-asserted-by":"crossref","first-page":"68","DOI":"10.1016\/j.aos.2018.05.013","article-title":"How fair value is both market-based and entity-specific: the irreducibility of value constellations to market prices","volume":"73","year":"2019","journal-title":"Accounting, Organizations and Society"},{"issue":"3","key":"key2025032609003535100_ref04800","doi-asserted-by":"crossref","first-page":"141","DOI":"10.1108\/09513579510094732","article-title":"Questioning the value of the research selectivity process in British university accounting","volume":"8","year":"1995","journal-title":"Accounting, Auditing & Accountability Journal"},{"issue":"5","key":"key2025032609003535100_ref047","doi-asserted-by":"crossref","first-page":"1389","DOI":"10.1108\/JFC-09-2022-0233","article-title":"White-collar money laundering through opportunistic earnings management: fair value accounting practices of failed finance companies in Sri Lanka","volume":"30","year":"2023","journal-title":"Journal of Financial Crime"},{"issue":"4","key":"key2025032609003535100_ref048","doi-asserted-by":"crossref","first-page":"870","DOI":"10.1108\/JFC-05-2015-0026","article-title":"Auditors\u2019 experience with corporate psychopaths","volume":"23","year":"2016","journal-title":"Journal of Financial Crime"},{"issue":"4","key":"key2025032609003535100_ref049","doi-asserted-by":"crossref","first-page":"301","DOI":"10.1057\/jdg.2008.15","article-title":"Be careful what you ask for: is fair value accounting really fair?","volume":"5","year":"2008","journal-title":"International Journal of Disclosure and Governance"},{"key":"key2025032609003535100_ref050","first-page":"612","article-title":"Auditors and fraud detection: an elusive role","volume-title":"Research Handbook on International Financial Crime","year":"2015"},{"issue":"6","key":"key2025032609003535100_ref051","doi-asserted-by":"crossref","first-page":"618","DOI":"10.1080\/23750472.2021.1944821","article-title":"Financial player valuation from the perspective of the club: the case of football","volume":"28","year":"2023","journal-title":"Managing Sport and Leisure"},{"issue":"2","key":"key2025032609003535100_ref05400","doi-asserted-by":"crossref","first-page":"160","DOI":"10.1016\/j.jaccpubpol.2009.10.007","article-title":"Social responsibility and corporate reputation: the case of the Arthur Andersen Enron audit failure","volume":"29","year":"2010","journal-title":"Journal of Accounting and Public Policy"},{"key":"key2025032609003535100_ref052","first-page":"252","article-title":"Auditing","volume-title":"Routledge Companion to Accounting History","year":"2020"},{"issue":"3","key":"key2025032609003535100_ref053","doi-asserted-by":"crossref","first-page":"181","DOI":"10.1080\/21552851.2018.1542230","article-title":"The role of Irving Fisher in the development of fair value accounting thought","volume":"28","year":"2018","journal-title":"Accounting History Review"},{"issue":"3","key":"key2025032609003535100_ref054","first-page":"215","article-title":"Fair value accounting: epistemic commitment and resistance","volume":"46","year":"2021","journal-title":"Accounting Forum"},{"issue":"4","key":"key2025032609003535100_ref055","first-page":"479","article-title":"Fair value and corporate taxation: out through the door, back through the window?","volume":"13","year":"2023","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"3-4","key":"key2025032609003535100_ref056","doi-asserted-by":"crossref","first-page":"303","DOI":"10.1111\/jbfa.12447","article-title":"Fair value accounting: current practice and perspectives for future research","volume":"47","year":"2020","journal-title":"Journal of Business Finance and Accounting"},{"issue":"3","key":"key2025032609003535100_ref057","doi-asserted-by":"crossref","first-page":"237","DOI":"10.1080\/17449480.2019.1664754","article-title":"Fair value in IFRS. In Mora, A., McGeachin, A., Barth, M. E., Barker, R., Wagenhofer, A., and Joos, P. (2019). Fair value accounting: the eternal debate \u2013 AinE EAA Symposium, May 2018","volume":"16","year":"2019","journal-title":"Accounting in Europe"},{"issue":"6","key":"key2025032609003535100_ref06100","doi-asserted-by":"crossref","first-page":"901","DOI":"10.1016\/j.cpa.2007.03.007","article-title":"Why interdisciplinary accounting research tends not to impact most North American academic accountants","volume":"19","year":"2008","journal-title":"Critical Perspectives on Accounting"},{"issue":"1","key":"key2025032609003535100_ref058","doi-asserted-by":"crossref","first-page":"10","DOI":"10.5465\/amr.2006.19379621","article-title":"Conflicts of interest and the case of auditor independence: moral seduction and strategic issue cycling","volume":"31","year":"2006","journal-title":"Academy of Management Review"},{"issue":"3","key":"key2025032609003535100_ref059","doi-asserted-by":"crossref","first-page":"237","DOI":"10.1080\/17449480.2019.1664754","article-title":"Fair value accounting: the eternal debate \u2013 AinE EAA Symposium, May 2018","volume":"16","year":"2019","journal-title":"Accounting in Europe"},{"issue":"4","key":"key2025032609003535100_ref060","article-title":"The rhetoric of science and the rhetoric of revolt in the \u2018story\u2019 of positive accounting theory","volume":"5","year":"1992","journal-title":"Accounting, Auditing and Accountability Journal"},{"issue":"7","key":"key2025032609003535100_ref061","doi-asserted-by":"crossref","first-page":"539","DOI":"10.1016\/j.cpa.2013.08.006","article-title":"An accounting revolution? The financialisation of standard setting","volume":"25","year":"2014","journal-title":"Critical Perspectives on Accounting"},{"issue":"1","key":"key2025032609003535100_ref062","doi-asserted-by":"crossref","first-page":"92","DOI":"10.1108\/eb043420","article-title":"An assessment of the change in the incidence of earnings management around the Enron-Andersen","volume":"4","year":"2005","journal-title":"Review of Accounting and Finance"},{"issue":"2","key":"key2025032609003535100_ref063","doi-asserted-by":"crossref","first-page":"153","DOI":"10.1080\/17449480.2015.1114656","article-title":"IFRS ten years on: Has the IASB imposed extensive use of fair value? Has the EU learnt to love IFRS? And does the use of fair value make IFRS illegal in the EU?","volume":"12","year":"2015","journal-title":"Accounting in Europe"},{"key":"key2025032609003535100_ref064","doi-asserted-by":"crossref","first-page":"1647","DOI":"10.1016\/S2212-5671(14)00636-4","article-title":"Accounting for soccer players: capitalization paradigm vs. expenditure","volume":"15","year":"2014","journal-title":"Procedia Economics and Finance"},{"issue":"4","key":"key2025032609003535100_ref065","doi-asserted-by":"crossref","first-page":"837","DOI":"10.1108\/JFC-08-2023-0207","article-title":"Is aggressive tax planning a failure of tax adviser integrity?","volume":"31","year":"2024","journal-title":"Journal of Financial Crime"},{"issue":"1","key":"key2025032609003535100_ref066","doi-asserted-by":"crossref","first-page":"31","DOI":"10.1057\/s41310-021-00126-0","article-title":"Corporate social responsibility and unverifiable net assets ratio","volume":"19","year":"2022","journal-title":"International Journal of Disclosure and Governance"},{"issue":"1","key":"key2025032609003535100_ref067","doi-asserted-by":"crossref","first-page":"51","DOI":"10.1108\/JFRA-01-2019-0002","article-title":"Challenges in auditing fair value measurement and accounting estimates: some evidence from the field","volume":"18","year":"2020","journal-title":"Journal of Financial Reporting and Accounting"},{"issue":"2","key":"key2025032609003535100_ref068","doi-asserted-by":"crossref","first-page":"102","DOI":"10.1108\/JFRA-04-2013-0021","article-title":"Fair value accounting and its usefulness to financial statement users","volume":"12","year":"2014","journal-title":"Journal of Financial Reporting and Accounting"},{"issue":"1","key":"key2025032609003535100_ref069","doi-asserted-by":"crossref","first-page":"33","DOI":"10.1080\/17449480.2019.1645960","article-title":"The return of stewardship, reliability and prudence\u2013a commentary on the IASB\u2019s new conceptual framework","volume":"17","year":"2020","journal-title":"Accounting in Europe"},{"key":"key2025032609003535100_ref070","doi-asserted-by":"publisher","DOI":"10.1108\/JMLC-06-2021-0064","article-title":"Fair value accounting practices in the banking industry: a possible opportunity to launder money through manipulated performance","year":"2021","journal-title":"Journal of Money Laundering Control"},{"issue":"2","key":"key2025032609003535100_ref071","first-page":"81","article-title":"Unreliable accounts: how regulators fabricate conceptual narratives to diffuse criticism","volume":"12","year":"2022","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"1","key":"key2025032609003535100_ref072","doi-asserted-by":"crossref","first-page":"183","DOI":"10.2308\/accr-51488","article-title":"Investor reaction to the prospect of mandatory audit firm rotation","volume":"92","year":"2017","journal-title":"The Accounting Review"},{"issue":"2","key":"key2025032609003535100_ref073","doi-asserted-by":"crossref","first-page":"143","DOI":"10.1006\/cpac.1997.0120","article-title":"Economic imperialism and the crisis in financial accounting research","volume":"9","year":"1998","journal-title":"Critical Perspectives on Accounting"},{"issue":"2","key":"key2025032609003535100_ref074","doi-asserted-by":"crossref","first-page":"169","DOI":"10.1515\/roe-2018-0004","article-title":"Quantifying international tax avoidance: a review of the academic literature","volume":"69","year":"2018","journal-title":"Review of Economics"},{"issue":"1","key":"key2025032609003535100_ref07900","doi-asserted-by":"crossref","first-page":"83","DOI":"10.1080\/01559982.2021.1926778","article-title":"Transfer pricing: changing views in changing times","volume":"46","year":"2022","journal-title":"Accounting Forum"},{"issue":"1","key":"key2025032609003535100_ref075","first-page":"20160013","article-title":"Whither the concept of income?","volume":"9","year":"2019","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"1","key":"key2025032609003535100_ref076","first-page":"1","article-title":"A note on accounting and economic theory: past, present, and future","volume":"1","year":"2011","journal-title":"Accounting, Economics, and Law"},{"issue":"3","key":"key2025032609003535100_ref077","first-page":"1","article-title":"Accounting and its relationship to general equilibrium theory","volume":"9","year":"2019","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"2","key":"key2025032609003535100_ref078","doi-asserted-by":"crossref","first-page":"437","DOI":"10.1007\/s10551-016-3289-1","article-title":"Misleading forecasts in accounting estimates: a form of ethical blindness in accounting standards?","volume":"152","year":"2018","journal-title":"Journal of Business Ethics"},{"issue":"1","key":"key2025032609003535100_ref079","doi-asserted-by":"crossref","first-page":"36","DOI":"10.1016\/j.cpa.2011.09.002","article-title":"The erosion of jurisdiction: auditing in a market value accounting regime","volume":"23","year":"2012","journal-title":"Critical Perspectives on Accounting"},{"issue":"2","key":"key2025032609003535100_ref080","doi-asserted-by":"crossref","first-page":"169","DOI":"10.1177\/1362480600004002003","article-title":"The sociology of corporate crime: an obituary: (or whose knowledge claims have legs?)","volume":"4","year":"2000","journal-title":"Theoretical Criminology"},{"issue":"4","key":"key2025032609003535100_ref081","doi-asserted-by":"crossref","first-page":"340","DOI":"10.1108\/eb024821","volume":"2","year":"1994","journal-title":"Journal of Financial Regulation and Compliance"},{"volume-title":"The Decision Usefulness Theory of Accounting: A Limited History","year":"2013","key":"key2025032609003535100_ref08700"},{"issue":"1","key":"key2025032609003535100_ref082","first-page":"1","article-title":"How does mandatory IFRS adoption affect tax planning decision? Evidence from tax avoidance distributions","volume":"48","year":"2022","journal-title":"Accounting Forum (pp"},{"issue":"4","key":"key2025032609003535100_ref083","article-title":"Belt and Road Initiative: legal mechanisms to recover stolen assets","volume":"31","year":"2024","journal-title":"Journal of Financial Crime"},{"issue":"1","key":"key2025032609003535100_ref084","first-page":"1","article-title":"The role of accounting and the debate between historical cost and fair value","volume":"9","year":"2019","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"1","key":"key2025032609003535100_ref085","doi-asserted-by":"crossref","first-page":"99","DOI":"10.1108\/EJMS-06-2021-0058","article-title":"Emerging technology and auditing practice: analysis for future directions","volume":"27","year":"2022","journal-title":"European Journal of Management Studies"},{"issue":"3","key":"key2025032609003535100_ref086","doi-asserted-by":"crossref","first-page":"241","DOI":"10.1057\/s41310-017-0023-x","article-title":"Intangible assets on the balance sheet and audit fees","volume":"14","year":"2017","journal-title":"International Journal of Disclosure and Governance"},{"issue":"2","key":"key2025032609003535100_ref087","doi-asserted-by":"crossref","first-page":"58","DOI":"10.1108\/JILT-03-2023-0018","article-title":"Global logistics and supply chain integration in the digital era: a focus on China's Belt and Road Initiative","volume":"22","year":"2024","journal-title":"Journal of International Logistics and Trade"},{"issue":"2","key":"key2025032609003535100_ref088","doi-asserted-by":"publisher","first-page":"153","DOI":"10.1515\/ael-2021-0001","article-title":"The social value of FASB","volume":"12","year":"2022","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"2","key":"key2025032609003535100_ref089","first-page":"211","article-title":"Unreliable accounts: governing behind a veil","volume":"12","year":"2022","journal-title":"Accounting, Economics, and Law: A Convivium"},{"issue":"2","key":"key2025032609003535100_ref090","doi-asserted-by":"crossref","first-page":"763","DOI":"10.1111\/1911-3846.12083","article-title":"Rethinking decision usefulness","volume":"32","year":"2015","journal-title":"Contemporary Accounting Research"},{"article-title":"Financial statement fraud: motivation, methods, and detection","volume-title":"Corporate Fraud Exposed","year":"2020","key":"key2025032609003535100_ref09700"},{"volume-title":"Fair Value Accounting Fraud: New Global Risks and Detection Techniques","year":"2009","key":"key2025032609003535100_ref091"},{"issue":"1","key":"key2025032609003535100_ref092","doi-asserted-by":"crossref","first-page":"17","DOI":"10.1016\/j.cpa.2012.11.012","article-title":"Financialisation and the conceptual framework","volume":"25","year":"2014","journal-title":"Critical Perspectives on Accounting"},{"key":"key2025032609003535100_ref093","doi-asserted-by":"crossref","first-page":"102322","DOI":"10.1016\/j.cpa.2021.102322","article-title":"Financialisation and the conceptual framework: an update","volume":"88","year":"2022","journal-title":"Critical Perspectives on Accounting"},{"volume-title":"Creating the \u201cBig Mess\u201d A Marxist History of American Accounting Theory, c.1900\u20131929","year":"2021","key":"key2025032609003535100_ref094"},{"issue":"2","key":"key2025032609003535100_ref095","doi-asserted-by":"crossref","first-page":"43","DOI":"10.2308\/0148-4184.22.2.43","article-title":"Irving Fisher and the mechanistic character of twentieth century accounting thought","volume":"22","year":"1995","journal-title":"Accounting Historians Journal"},{"issue":"6\/7","key":"key2025032609003535100_ref096","first-page":"770","article-title":"Making imaginary worlds real: the case of expensing employee stock options","volume":"34","year":"2009","journal-title":"Accounting, Organizations and Society"},{"issue":"8","key":"key2025032609003535100_ref097","doi-asserted-by":"crossref","first-page":"783","DOI":"10.1016\/j.aos.2006.07.003","article-title":"The winnowing away of behavioral accounting research in the US: the process for anointing academic elites","volume":"31","year":"2006","journal-title":"Accounting, Organizations and Society"}],"container-title":["Journal of Financial Crime"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/JFC-01-2024-0033\/full\/xml","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/www.emerald.com\/insight\/content\/doi\/10.1108\/JFC-01-2024-0033\/full\/html","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,7,24]],"date-time":"2025-07-24T22:36:26Z","timestamp":1753396586000},"score":1,"resource":{"primary":{"URL":"http:\/\/www.emerald.com\/jfc\/article\/32\/3\/661-680\/1244735"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2024,9,27]]},"references-count":104,"journal-issue":{"issue":"3","published-online":{"date-parts":[[2024,9,27]]},"published-print":{"date-parts":[[2025,3,27]]}},"alternative-id":["10.1108\/JFC-01-2024-0033"],"URL":"https:\/\/doi.org\/10.1108\/jfc-01-2024-0033","relation":{},"ISSN":["1359-0790","1758-7239"],"issn-type":[{"type":"print","value":"1359-0790"},{"type":"electronic","value":"1758-7239"}],"subject":[],"published":{"date-parts":[[2024,9,27]]}}}