NEW YORK- The International Accounting Standards Board (IASB) announced on June 3, 2008 forming an expert advisory panel in response to the recommendations made by the Financial Stability Forum.
The panel will assist the IASB in:
• Reviewing best practices in the area of valuation techniques.
• Formulating any necessary additional practice guidance on valuation methods for financial instruments and related disclosures when markets are no longer active.
The expert advisory panel comprises experts from preparers and users of financial statements, as well as regulators and auditors.
The first meeting of the panel will take place on June 13, 2008.
IASB is committed to developing in the public interest a single set of high quality global accounting standards
For more information please visit the following website: www.iasb.org