IASB addresses fair-value rules, response to credit crisis

10/6/2008 | Financial Week

The International Accounting Standards Board weighed in on fair-value rules, saying its guidance is consistent with the generally accepted accounting principles. The board also announced that its response to the credit crisis will include working with the Financial Accounting Standards Board to establish a common approach to valuation of financial assets and liabilities of purchases made through the government's rescue package.

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