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Expert Advisory Panel—Fair Value Measurement

The Expert Advisory Panel was formed in May 2008 in response to recommendations made by the Financial Stability Forum to assist the IASB in:

  • reviewing best practices in the area of valuation techniques, and
  • formulating any necessary additional guidance on valuation methods for financial instruments and related disclosures when markets are no longer active.

The discussions by the panel members provided the Board insight into whether there is a need for additional guidance in this area.

The discussions of the panel provided input for the IASB’s work on financial instruments and fair value measurement. The remit of the panel was how to measure the fair value of financial instruments when markets are no longer active. The panel did not discuss whether fair value is an appropriate measurement basis for a particular financial instrument or class of financial instruments.

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