FASB Proposes Guidance on Fair Value Measurement and Disclosure
Published on:
29 Jun 2010
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Today, the FASB issued a proposed Accounting Standards Update (ASU), Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The proposed ASU is the result of a joint project between the FASB and IASB to develop a single, converged fair value framework. Under the proposal, fair value measurement and disclosure requirements will be nearly identical under U.S. GAAP and IFRSs. The proposed ASU is available on the FASB’s Web site.
Watch for a Deloitte Heads Up newsletter on the proposed ASU.
