IASB staff draft of IFRS on Fair Value Measurement
20 Aug, 2010
The IASB has posted to its website a staff draft of a forthcoming IFRS on fair value measurement, reflecting the tentative decisions made to date by the IASB and the FASB.
The IASB's initial exposure draft on fair value measurement was issued in May 2009 and has been followed up a number of requests for information and feedback, including an additional limited scope exposure draft issued in June 2010.
The IASB is not requesting comments on the staff draft, but notes the FASB issued a nearly identical proposed Accounting Standards Update (ASU) Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. Accordingly, constituents may wish to comment on the proposals by submitting a comment letter to the FASB prior to the end of the comment period for the proposed ASU (7 September 2010).
The IASB and FASB expect to jointly consider comments received in developing a joint standard, which is expected to be issued early in 2011. Click for:
- Access to IASB staff draft (link to IASB website)
- Our Fair Value Measurement page
- IFRS in Focus newsletter IASB issues Exposure Draft on Fair Value Measurement Disclosures (July 2010, PDF 60k)
- IAS Plus Newsletter Exposure Draft Proposes Expanded Guidance on Fair Value Measurement (June 2009, PDF 71k)
- Heads Up Converging on Fair Value - FASB Proposes Guidance on Fair Value Measurement and Disclosure (June 2010, PDF 122k).