This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IASB seeks views on FV from emerging economies

  • IASB (International Accounting Standards Board) (blue) Image

20 Dec 2009

Some of the comment letters received on the IASB's May 2009 Exposure Draft (ED) Fair Value Measurement indicated that entities in emerging and transition economies might find it difficult to apply the principles in the ED in practice.

The IASB has decided it needs more information about this. Therefore, on its website, the IASB has invited its constituents to submit:

"examples or case studies of transactions or situations specific to your jurisdiction that would make the fair value measurement guidance as proposed in the exposure draft unpractical. After reviewing the input we receive, the Board will consider either (a) amending the proposals in the exposure draft for the final IFRS if they are found to be inadequate in some situations or (b) publishing educational material to address the practical application of the fair value measurement principles (or a combination of both). This educational material would seek to address the concerns that we have identified through our outreach activities and how they relate to the fair value measurement guidance in the forthcoming IFRS."

The examples should be sent by email to by 31 January 2010. Click for more information on IASB's Website.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.