IASB seeks views on FV from emerging economies

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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 fvm@iasb.org by 31 January 2010. Click for more information on IASB's Website.


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