IASB on Fair Value Measurement

IASB staff has begun the review of existing fair value measurements in IFRS to assess whether each standard’s use of a fair value measurement basis was intended to be an exit price. The review will be completed in the second quarter of 2008. During the third quarter of 2008, the Board plans to hold roundtable discussions with constituents. It is anticipated that an exposure draft will be published in mid-2009. (Visit the IASB project page, access the material sent to the external reviewers or view the full project summary.)