At its May 2008 meeting, the IASB announced its plans to form an expert advisory panel in response to the recommendations made by the Financial Stability Forum to assist the IASB in:
- reviewing best practices in the area of valuation techniques, and
- formulating any necessary additional guidance on valuation methods for financial instruments and related disclosures when markets are no longer active.
The discussions of the panel members have provided the Board insight into whether there is a need for additional guidance in this area.
The discussions of the panel will provide input for the IASB’s work on financial instruments and fair value measurement. The remit of the panel is how to measure the fair value of financial instruments when markets are no longer active. The panel did not discuss whether fair value is an appropriate measurement basis for a particular financial instrument or class of financial instruments.
The following documents of the panel are now available:
- the final report of the expert advisory panel
- the IASB staff summary setting out the context of the expert advisory panel report
Meeting summaries (by date)
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