Wednesday, August 05, 2009

IASB - Fair Value Measurement exposure draft and Questions and Answers

Staff of the International Accounting Standards Board (IASB) has issued background material to assist respondents to the exposure draft Fair Value Measurement. A mark-up shows the wording differences between the exposure draft and FASB Statement of Financial Accounting Standards No. 157 Fair Value Measurements and the source for each paragraph in the exposure draft. Some questions and answers to address common themes relating to the exposure draft arising during the staff’s outreach activities have also been posted. (The material is available on the IASB project webpages.)