Auditors perceptions towards implementation of fair value according to IFRS13 in developing countries : evidence from Lebanon

الملخص EN

Purpose - This paper aims to identify the perceptions of the Lebanese auditors regarding the issues of benefits, limitations,challenges,and future offair value accounting(FVA)in Lebanon, especially after issuing IFRS 13 which considered a single measurement of fair value .

Methodology / Approach - The paper is based on data collected from 159 auditors in big 4 working in Lebanon.

The data analyzed using descriptive statistics and ANOVA Test.

Findings - The first hypothesis shovv.i that there was a significant optimistic of Lebanese auditors about the potential benefits from FVA adoption.

The second hypothesis found that there was a significant limitation from FVA adoption by Lebanese auditors.The third hypothesis also proves that there was a significant anticipates significant challenges from FVA adoption by Lebanese auditors .

Lebanon .

The researcher can recommend some strategies to overcome the challenges of FVA the most important strategies according to the results of the study are the following :FVA should be incorporated into accounting curricula of academic and professional training institution,In the beginning of implementing IFRS 13 the application of FVA shoud be limied to assets and liabilities for which having active market and Until Auditors are competent enough to audit financial reports that are freedom FVA, they should be limited to assets and liabilities for which having active market and Until Auditors are competent enough to audit financial reports that are freedom FVA, they should be provided with necessary expert support.