Global Standards for the world economy

Wednesday 26 February 2020

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Fair Value Measurement

Project news archive


 IASB and FASB complete initial discussions


1 May 2010

The IASB and FASB have completed their discussions about the fundamental principles of fair value measurement. The FASB will publish an exposure draft of amendments to Topic 820 (Fair Value Measurements and Disclosures) in the second quarter of 2010. The IASB will re-expose the proposed requirement for an entity to disclose a measurement uncertainty (sensitivity) analysis about Level 3 fair value measurements given the boards’ tentative decision to require an entity to consider the expected effects of correlation between inputs in that analysis. The requirement to consider correlation between inputs was not included in the disclosure proposals in the IASB’s exposure draft Fair Value Measurement.

The IASB staff is developing educational material to accompany an IFRS on fair value measurement. This educational material will describe at a high level the thought process that one might go through to meet the objective of a fair value measurement. The IASB and FASB staff will liaise during its development. The IASC Foundation plans to publish the educational material shortly after the publication of an IFRS on fair value measurement.