The IASB has posted to its website a staff draft of a forthcoming IFRS on fair value measurement that reflects the tentative decisions made to date by the IASB and the U.S. Financial Accounting Standards Board (FASB).
The staff draft has been prepared by the staff of the IASB and the FASB for the boards’ joint project to develop a common standard on fair value measurement. The staff draft reflects the cumulative tentative decisions made by the boards, concluding with their joint meeting in March 2010. However, work on the project is continuing, and the tentative decisions reached so far are subject to change before the boards issue a common fair value measurement standard. Stay tuned.
Please click here for more information and to read the staff draft.
Please click here to go to the fair value measurement project page.
Source: IASB.org