[20.10.2009 - 22:46] Al Khan, CA - IFRS foundation and IASB should try to find a solution on new Fair value standard. They should not accept any interference from the AICPA / FASB / US-SEC to dilute the standard. US has made a case that last US-Financial meltdown was to a large extent caused by companies forced to write down loans and assets to Fair market. Notwithdstanding the blame game and appeasement of US regulators, IASB is well advised to stay clear to deliver the new standard promised by David Tweedie in Nov 09. If the US wants to go it own way they should decide soon on the a road map without any hedging or pressure to dilute IFRS to suit US politics and business conditions.
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Turner and Tweedie to the rescue IASB proposal would leave core financials in banks’ annual reports “unpolluted” by regulatory calculations [05.03.2010 - 16:24]