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FASB, IASB Plan London Event; IASB on “Inactive” Market

Tammy Whitehouse | November 4, 2008

U.S. and international rulemakers will hold the first of three global roundtables on Nov. 14 in London to try to get their arms around what kinds of financial reporting issues they can expect to arise from recent unprecedented market events.

The U.S. Financial Accounting Standards Board and the International Accounting Standards Board are hoping to hear from a wide variety of players in capital markets to get an idea of what accounting issues may command immediate attention and where the boards should consider focusing longer-term attention.

In response to growing demands for guidance on reporting issues emanating from the credit crisis, the International Accounting Standards Board published its staff’s views on how to establish fair value measures for financial instruments when markets are largely...

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