IASB - Expect new fair-value rule next month

International Accounting Standards Board (IASB) chairman, Sir David Tweedie, said he will release a new fair value accounting rule by November 2009. In an address to a meeting of European Finance Ministers, which have in the past been critical of the IASB’s response to the financial crisis, Tweedie has sought to ease concerns by announcing that he is on track to deliver a new fair value standard by the end of this year. (Read the article "Fair value standard will be released next month: Tweedie" in Accountancy Age online.)