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International Accounting Standards Board: IASB and FASB issue common fair value measurement and disclosure requirements

( May 12, 2011, 15:59 GMT | Official Statement) -- MLex Summary: International and US accounting authorities set harmonised guidelines on booking the 'fair value' of financial instruments. The action caps a half-decade of talks to create a global standard and more recent adjustments demanded in response to the financial crisis.The statement follows....

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