GAAP v IFRS exposure draft released by FASB earlier today

The FASB issued today a Proposed Accounting Standards Update, Fair Value Measurements and Disclosures (Topic 820): Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. Comments on this Exposure Draft are requested by September 7, 2010.

For more information and to download a copy of this Exposure Draft, visit FASB.