IASB update on applying fair value in inactive markets
14 Oct 2008
The International Accounting Standards Board has published a Press Release updating its work to consider the application of fair value when markets become inactive.
In the update, IASB Chairman Sir David Tweedie states:
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"This press release says two things. First, that guidance within IFRSs is already clear that distress sales should not be included in fair value measurement. Secondly, that recent guidance from the FASB is consistent with the findings of our own expert panel on illiquid markets. |
Click to view the IASB press release (PDF 161k).
