IASB targets analyst views in fair value measurement questionnaire

  • IASB (International Accounting Standards Board) (blue) Image

28 Jul, 2010

The IASB has published a questionnaire for financial statement users on its June 2010 exposure draft ED/2010/7 Measurement Uncertainty Analysis Disclosure for Fair Value Measurements - Limited re-exposure of proposed disclosure.

The ED proposes that companies disclose sensitivity information ('measurement uncertainty analysis') about all 'Level 3' fair value measurements included in financial statements - not just for financial instruments, but also other items such as investment properties, biological assets and property, plant and equipment measured on the revaluation basis.

The questionnaire is targeted at users of financial statements, particularly analysts, and requests feedback in areas such as:

  • The usefulness of 'measurement uncertainty analysis' to different categories of assets and liabilities
  • How measurement uncertainty analysis information is used - 'worst case' or 'best case' scenarios, or for other uses
  • Whether information presented by class of asset and liability is sufficient
  • Additional disclosures that would be useful.

The deadline to complete the questionnaire is 7 September 2010. The questionnaire can be accessed on the IASB website. More information on the proposals is available in our IFRS in Focus newsletter (PDF 60k) and our Fair value measurement project page.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.