Main Article Content
The growing interest in fair values among academia has been observed through new financial reporting standards default financial assets to be reported at fair value. Thus, ongoing unease side
effect of fair values on earnings manipulation should be reviewed. This archival research studies relationship between fair values accounting for investment securities on earnings management
using all Thai listed companies in SET100 during 2011-2013. The finding reveals that there is no relationship between earnings management and unrealized gains and loss from available-for-sale
securities. Thus, the use of fair value accounting does not encourage the earnings management to be active.