• Service: Audit, IFRS
  • Date: 11/15/2013

Fair value measurement – substantially converged 

Fair value measurement is an area of US GAAP and IFRS that is substantially converged. The respective standards establish a framework for measuring fair value and a fair value hierarchy based on the source of the inputs used to estimate fair value, and require disclosures about fair value measurements. They do not establish new requirements for when fair value is required or permitted, but provide guidance on how fair value is measured.

This edition of Questions and Answers focuses on fair value measurement, providing guidance on the application of the standards and highlighting the handful of differences between US GAAP and IFRS.

Fair Value Measurement: Questions and answers

Fair Value Measurement
This edition of Questions and Answers provides questions and answers on fair value measurement under both U.S. GAAP and IFRS.

© 2014 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 8 Salisbury Square, London, EC4Y 8BB


Share this

Share this

IFRS Hot Topics

IFRS topics
Learn about the latest IFRS developments in insurance, leases, revenue, financial instruments and banking.