Exposure Draft on Fair Value Measurement
The International Accounting Standards Board (IASB) issued an exposure draft of a proposed new standard on fair value measurement.
If adopted, the proposed standard 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 proposed standard deals with how fair value should be measured when it is already required by existing standards. It does not extend its use in any way.
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