The International Accounting Standards Board (IASB) published educational guidance on the application of fair value measurement when markets become inactive. The educational guidance takes the form of a summary document prepared by IASB staff and the final report of the expert advisory panel established to consider the issue.

The summary document sets out the context of the expert advisory panel report and highlights important issues associated with measuring the fair value of financial instruments when markets become inactive. The report of the expert advisory panel is a summary of the seven meetings where the panel identifies practices that experts use for measuring the fair value of financial instruments when markets become inactive practices for fair value disclosures in such situations.

http://www.iasb.org/