Newsletter Jul/Aug 2009: Accounting rule-makers propose fair value revisions

LONDON - International accounting rule-setters proposed in July ways of making it easier for investors to understand the valuation of financial assets and liabilities under controversial fair value rules. The International Accounting Standards Board (IASB), which is under intense political pressure at least to clarify its guidance on fair value accounting, proposes to replace the many classification categories under its current IAS 39 rule on measuring financial instruments with just two categories. The two categories are fair value, under which assets and