New IASB panel of valuation of financial instruments
05 Jun 2008
The IASB has formed an expert advisory panel on valuation of financial instruments in inactive markets, in response to Recommendations made by the Financial Stability Forum (FSF).
The new panel will assist the IASB in:
- reviewing best practices in the area of valuation techniques, and
- formulating any necessary additional practice guidance on valuation methods for financial instruments and related disclosures when markets are no longer active.