Deadline reminder – fair value measurement ED
21 Sep 2009
We remind you that comments are due on 28 September 2009 on the Exposure Draft: Fair Value Measurement.
The ED was issued by the IASB on 28 May 2009. It proposes guidance on how fair value should be measured where it is required by existing standards. The ED does not propose to extend the use of fair value measurements in any way. It would add disclosure requirements about how fair values were determined. If adopted, the proposals would replace fair value measurement guidance contained within individual IFRSs with a single, unified definition of fair value, as well as further authoritative guidance on the application of fair value measurement in inactive markets. The IASB's starting point in developing the exposure draft was the equivalent US standard, SFAS 157 Fair Value Measurements. The proposed definition of fair value is identical to the definition in SFAS 157 and the supporting guidance is also largely consistent with US GAAP.
Click for Exposure Draft: Fair Value Measurement.
