The International Accounting Standards Board has issued educational guidance from an expert advisory panel on the controversial issue of fair value measurement when markets become inactive.

In conjunction with the 84-page report, the IASB also published an eight-page staff summary outlining the highlights of the major issues in the report and the context. The report and summary take into account recent documents issued by the U.S. Financial Accounting Standards Board and the Securities and Exchange Commission's Office of the Chief Accountant.

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