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FASB Postpones Plans for Investment Property Rule

Tammy Whitehouse | November 10, 2010

The Financial Accounting Standards Board has pushed back the targeted release date of another proposed accounting standards update, this time delaying by one quarter a final standard on whether companies should be allowed or required to measure investment properties at fair value.

FASB originally planned to finalize a new standard by the second quarter of 2011, along with a host of other major standards as part of its push to eliminate major differences between U.S. and international rules by June 2011. Now, says FASB spokesman Christine Klimek, the exposure draft of a new standard is planned for the first quarter of 2011 with a final standard in the third quarter.

FASB didn’t offer a specific reason for the delay, although it has...

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