FASB issues update on amendments for fair value measurement and disclosure requirements

29 June 2010

This proposed update is the result of the Boards’ joint efforts to ensure that fair value will have the same meaning in U.S. GAAP and IFRSs and that their respective fair value measurement and disclosure requirements will be the same.

The FASB has issued an Exposure Draft of a proposed Accounting Standards Update intended to develop common requirements for measuring fair value and for disclosing information about fair value measurements in U.S. GAAP IFRSs.

 

The proposed Update sets forth amendments that the Boards believe would improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and IFRSs.

 

Deadline for comments is September 7^th.

 

Press release

Exposure documents

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