The International Accounting Standards Board (IASB) just published three new resources that compare its exposure draft on Fair Value Measurement (issued May 2009) to FASB Statement No. 157, Fair Value Measurements, including:
- A marked-up version of the text that shows the wording differences between the exposure draft and FAS 157;
- A table that cross-references paragraphs in FAS 157 to source paragraphs in the IASB exposure draft; and
- An FAQ based on preliminary feedback to the IASB exposure draft.
Comments on the exposure draft are due Sept. 28, 2009, after which the IASB plans to hold round-table discussions (dates and locations to be announced). Ultimately, the IASB expects to publish its fair value measurement standard in 2010.
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