Reference for Fair Value Measurement Guidance

In May 2009 the International Accounting Standards Board (IASB) published an exposure draft on fair value measurement guidance which would replace fair value measurement guidance contained in individual International Financial Reporting Standards (IFRSs) with a single, unified definition of fair value, as well as further authoritative guidance on the application of fair value measurement in inactive market.

The proposals deal with how fair value should be measured when it is already required by existing standards. MASB submitted its comments to the IASB during the exposure of the said exposure draft. A final standard of the Fair Value Measurement is expected to be published by the IASB in the third quarter of 2010.

 

To download the related documents, click on the following links: