IASB considering changes in its fair-value rules in line with FASB

03/18/2009 | Financial Times (free content)

The International Accounting Standards Board, which sets accounting rules for more than 100 countries, said it will distribute for comment proposals to alter fair-value accounting rules that are under consideration by its U.S. counterpart, the Financial Accounting Standards Board. The concept of providing more leeway on fair-value rules because of the economic crisis is being praised as long overdue and criticized as setting back the formation of accounting standards.

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