SEC对公允价值会计发展的影响研究

A Study of SEC's Influence on Fair Value Accounting

考察不同时期美国证券交易委员会(SEC)对公允价值会计的态度及其转变,发现1930年代的"恶意资产重估增值"导致SEC长期抵制公允价值应用,而1970至80年代的通货膨胀、市场波动和危机事件促使SEC彻底改变态度,成为公允价值会计的推动者和捍卫者。SEC的明确支持和肯定是公允价值会计渡过2008金融危机的关键,SEC主要官员的态度对公允价值会计的发展有实质性地影响。

This paper reviews SEC＇s（Securities and Exchange Commission） changing attitude towards fair value accounting in different periods since its foundation,concluding that the vice of write-up in 1930s led to the long-time SEC boycott of fair value accounting application,while inflation,market fluctuation and market crisis during the 1970s to the 1980s finally changed SEC＇s former attitude completely which makes the SEC the strong supporter and defender of fair value accouting. The paper points out that SEC＇s obvious support and consent makes fair value accounting survive the financial crisis in 2008. The paper emphasizes that SEC key members＇ attitude substantially influences the development of fair value accounting.