EC statement on IASB FV measurement guidance
06 Nov 2008
On 5 November 2008, the European Commission issued a statement welcoming the guidance on fair value measurements recently issued by the IASB.
The Commission statement (PDF 86k) said:
The European Commission welcomes the guidance on the application of fair value measurement when markets become inactive published by the International Accounting Standards Board (IASB) on 31 October 2008. The Commission considers that the IASB's position is fully consistent with the joint statement issued by the 3 European committees of supervisors and with similar guidance recently issued by the relevant US bodies.
