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Monday 24 February 2020

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Fair Value Measurement

Exposure draft and comment letters [May 2009]


 Exposure draft and comment letters [May 2009]


On 28 May 2009 the International Accounting Standards Board (IASB) published for public comment an exposure draft on guidance on fair value measurement.

The proposed guidance deals with how fair value should be measured when 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 within 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 comments received on the exposure draft will aid the Board in developing an IFRS on fair value measurement guidance, which the Board plans to publish later in 2010.

Comment letter deadline:

Comments were due by 28 September 2009, the comment period has now closed. To view all comment letters click here.


Due process document Accompanying material
Exposure Draft: Fair Value Measurement [English] [PDF, 593 KB] Basis for Conclusions Exposure Draft Fair Value Measurement [PDF, 938 KB]
Illustrative Examples Exposure Draft Fair Value Measurement [PDF, 593 KB]
Exposé-sondage: Évaluation de la juste valeur [French] [PDF, 593 KB]
>公開草案 : 公正価値測定 [Japanese] [PDF, 938 KB] 公正価値測定 の結論の根拠 [Japanese] [PDF, 938 KB]
公正価値測定 の設例[Japanese] [PDF, 938 KB]



Related information

Web presentation(30/062009):
Session 1 (morning)
Session 2 (afternoon)

Read the Snapshot (a quick introduction to the Exposure Draft.)

Click here for the table of concordance.

 Click here for marked up text from SFAS 157.

Download the presentation introducing the exposure draft.