FASB issues fair value proposal as part of effort to converge U.S. GAAP and IFRS.

• Position: News&trends

FASB has issued a proposed Accounting Standards Update (ASH). Fair Value Measurements and Disclosure (Topic S20): Amendments for Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS, that is part of a joint project between it and the IASB to develop a single, converged fair value framework.

The proposal, available at...