US watchdog wants FASB to hold off on changes to fair value until other work on measurements is completed
The US regulator is ready to release a report this week which will advise its standard-setter to freeze changes to fair value, while recommending companies post additional information on their websites for the purposes of shareholders.
A committee at the Securities and Exchange Commission will tell the Financial Accounting Standards Board to hold off introducing new changes to fair value until other work on measurements have been completed.
The committee also made observations that the current use of fair value in a 'mixed-attribute' model - in which some assets and liabilities are measured using fair value, while others are measured using historical cost - is complex and confusing.
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