Attitudes towards Fair Value and Other Measurement Concepts

The Accounting Standards Committee of Germany (ASCG) has published a comprehensive survey on Attitudes towards Fair Value and Other Measurement Concepts. According to the ASCG, recent developments in the context of IFRS demonstrate the ever growing importance of fair value measurement. Also, the subprime crisis shows that the advantages and disadvantages of fair value measurement are viewed differently across users, preparers and standard-setters.