It is well known that many contact-and shear-preserving approximate Riemann solvers admit various forms of numerical shock anomalies and numerical shock instabilities such as the carbuncle phenomenon, sonic glitch, and post-shock wave oscillations. Recently, the AUSMDV + scheme was developed to improve the numerical stability and accuracy of the AUSMDV scheme. For the AUSMDV + scheme, the AUSMD + and the AUSMV + schemes were introduced as the accurate and the moderately dissipative schemes, respectively. In this paper, the AUSMDV2 + scheme is presented as an improved version of the AUSMDV + scheme. In the AUSMDV2 + scheme, a newly proposed mass flux function is used for both the AUSMD + and the AUSMV + schemes. Additionally, a new normalized weighting function is proposed to control the amount of dissipation. Many tests show that the proposed scheme's stability and accuracy are easily controlled by varying the constant parameter κ between 0.1 and 1.0. Furthermore, the dissipation mechanism of the scheme is studied by employing linearized discrete analysis on the odd-even decoupling problem. The resulting recursive equations show that the proposed scheme can effectively damp out all perturbations over time. Finally, the scheme's numerical stability and accuracy are examined in several test cases on structured and unstructured grids with the first-and second-order accurate methods. The results show that the proposed scheme is stable, accurate, and suitable for solving a wide range of high-speed compressible flow problems.