Accounting & Business Advisory Blog

On August 19, 2010, the International Accounting Standards Board (IASB) published a staff draft of an upcoming International Financial Reporting Standard (IFRS) on fair value measurement. The IASB draft is still subject to revision before the board issues a fair value measurement standard which will likely be identical to the Financial Accounting Standards Board (FASB) standard on fair value measurement.  FASB issued an exposure draft of its fair value measurement standard in June 2010.

The...