Heads Up: FASB Proposes Guidance on Fair Value Measurement and Disclosure
Volume 17, Issue 21
The attached issue of Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU), Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs, which the Board issued yesterday. The proposed ASU is the result of a joint project between the FASB and IASB to develop a single, converged fair value framework. Under the proposal, fair value measurement and disclosure requirements would be nearly identical under U.S. GAAP and IFRSs.
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