The International Accounting Standards Board (IASB) today published educational guidance on the application of fair value measurement when markets become inactive.
The educational guidance takes the form of a summary document prepared by IASB staff and the final report of the expert advisory panel established to consider the issue.
The summary document sets out the context of the expert advisory panel report and highlights important issues associated with measuring the fair value of financial instruments when markets become inactive. It takes into consideration and is consistent with recent documents issued by the US Financial Accounting Standards Board (FASB) on 10 October and by the Office of the Chief Accountant of the US Securities and Exchange Commission (SEC) and FASB staff on 30 September.
Related documents:
Download the final report of the expert advisory panel [PDF, 649 KB]
Download the IASB staff summary [PDF, 126 KB]
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