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IAS Plus newsletter — Exposure draft proposes expanded guidance on fair value measurement

Published on: 24 Jun 2009

On 28 May 2009, the International Accounting Standards Board (IASB) issued an exposure draft (ED) ED/2009/5 Fair Value Measurement. The Board’s intention is to replace all of the existing guidance on fair value measurement in IFRS accounting literature with a single Standard – equivalent to the US standard, FAS 157 Fair Value Measurements.

The ED defines fair value, and it explains how to determine fair value; however, it does not introduce any new or revised requirements regarding which items should be measured or disclosed at fair value.

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