Deloitte comments to IASB on FASB FSPs
22 Apr 2009
Deloitte's IFRS Global Office has submitted to the IASB a Letter of Comment on IASB's Request for Views on Proposed FASB Amendments on Fair Value Measurement and Impairment Requirements.
On 19 March 2009, the IASB requested views on what were, then, two proposed FASB Staff Positions. The FASB has since adopted the two proposals as final FSPs, along with a third related FSP dealing with disclosures, as follows:
- FSP FAS 157-4, which provides guidance on determining fair value when market activity has decreased
- FSP FAS 115-2 and FAS 124-2, which addresses other-than-temporary impairments for debt securities
- FSP FAS 107-1 and APB 28-1, which discusses fair value disclosures for financial instruments in interim periods
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