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The IASB published for public comment an exposure draft of draft guidance on fair value measurement. The proposed guidance deals with how fair value should be measured where it is required by existing standards. It does not extend its use in any way.
If adopted, the proposals would replace fair value measurement guidance contained in individual International Financial Reporting Standards (IFRSs) with a single, unified definition of fair value, as well as further authoritative guidance on the application of fair value measurement in inactive markets.
The IASB’s starting point in developing the exposure draft was the equivalent
Deadline for consultation is
Basis for Conclusions Exposure Draft Fair Value Measurement
Illustrative Examples Exposure Draft Fair Value Measurement