Question: If all financial statement preparers worldwide used fair value accounting as the only measurement method for financial disclosures then managers would have no incentive to

"If all financial statement preparers worldwide used fair value accounting as the only measurement method for financial disclosures then managers would have no incentive to manipulate accounting numbers or engage in earnings management." Discuss this comment and use at least one relevant accounting theory and provide examples to support your agreement or disagreement to this statement."

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