Fair value measurement

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Make your views count
April 2007

The International Accounting Standards Board (IASB) is seeking industry views on a discussion paper setting out proposed new guidance on fair value measurements. Rather than seeking to change or expand the use of fair value, the proposals aim to improve consistency by "codifying, clarifying and simplifying" what are at present a number of different approaches to measurement. The consultation period ends on 4 May 2007, with the exposure draft likely to be published in 2008 ahead of a finalised standard in 2009.