Measurement uncertainty analysis for fair value measurements (235.66 KB) - last updated Monday, 26 July 2010
Date issued: 26 July 2010
The Australian Accounting Standards Board (AASB) has called for comments from CPA Australia members on a range of exposure drafts and new standards issued.
The exposure draft (ED) 199 Measurement uncertainty analysis disclosure for fair value measurements (limited re-exposure of proposed disclosure) proposes improvements to the level three fair value measurement disclosures that were proposed in ED 181 Fair value measurement that was published in June 2009.
The AASB has issued amending standard AASB 2010 – 3 Amendments to Australian accounting standards arising from the annual improvements project and AASB 2010 –4 Further amendments to Australian accounting standards arising from the annual improvements project.
AASB 2010 – 3 is operative for reporting periods beginning 1 July 2010 and AASB 2010 – 4 is operative for reporting periods beginning 1 January 2011.
Comments to the ED can be emailed to professional.standards@cpaaustralia.com.au by Friday 6 August.