CEIOPS Letter on IASB Fair Value

04 May 2007

Commenting on the IASB discussion paper on fair values measurement CEIOPS underlines that the IASB needs to consider how fair value measurement might be applied in the context of markets other than those for which SFAS 157 has been designed.

CEIOPS notes that any conceptual issues raised in this paper e.g redefinition of fair value, must ultimately be consistent with the IASB’s conceptual framework project. CEIOPS strongly suggests delaying any further advancements in the fair value project until the latter has reached a stable stage.

Letter

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