Fair Value Measurement

Date recorded:

Updated project plan

The Boards discussed an updated project plan for the fair value measurement project with the aim to eliminate all existing differences between the IASB fair value measurement project and ASC Topic 820. The Boards decided to deliberate all issues apart from scope of the project and effective dates jointly over the next three months. The FASB stated that it planned to publish its exposure draft on changes of Topic 820 in May 2010. IASB will provide a near final draft at the same time (or consider re-exposing depending on the changes from the exposure draft) in order to allow constituents to appreciate remaining differences, if any, between the FASB and IASB guidance. The Boards aim to publish a final standard in September 2010.

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