IVSC newsletter analyses fair value accounting

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01 Oct 2004

The growing use of fair value measurements in IFRSs is the focus of the latest edition of IVSC Global Valuation Issues (PDF 281k) published by the International Valuation Standards Committee (IVSC).

"With the introduction of International Financial Reporting Standards in many parts of the world, including for all publicly listed companies in the European Union in 2005, the correct application of Fair Value on a consistent and transparent basis is vitally important," the IVSC notes. The newsletter examines the differences between "fair value" as used in IASB and FASB literature and "market value" as used in IVSC standards. Also in the newsletter is an analysis of fair values under IFRS 3 and IFRS 5 and a summary of the FASB's Fair Value Measurements exposure draft.

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