| Summary: | This study aimed to identify the most important challenges facing auditors when measuring fair value FVMs from three axes, namely identifying which challenges are most influencing auditors to direct attention towards them, and revealing the extent to which the inherent auditing risks are affected by fair value evaluation estimates. The third axis of this study raises discussions about the reliability of audit evidence relating to fair value and assures that disclosed and recognized fair values are guiding values. The field study was applied to a sample of external auditors in the West Bank, where the researcher used the descriptive analytical approach in the field side and used the inductive approach to test the study hypotheses. The study found a set of results; the most important challenge facing the auditor in auditing fair value estimates is the lack of access to recent amendments to the international auditing standards for fair value accounting estimates. The study results also confirmed the impact of auditing risks with fair value estimates and measuring them at higher rates in many cases, including (the absence of active markets, the presence of significant misstatements, and the difference in the basis for measuring fair value).
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