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IASC sets fair value standard.

Series: Property Week ; 64(31) 6 August 1999, 7(1)Publication details: 1999Subject(s): Summary: The International Accounting Standards Committee has issued a draft global accounting standard to introduce the use of the 'fair value' measure as used in accountancy, rather than the 'market value' used in valuation. Copies of the IASC draft standard are available from the IASC publications department, 166 Fleet Street, London EC4A 2DY

The International Accounting Standards Committee has issued a draft global accounting standard to introduce the use of the 'fair value' measure as used in accountancy, rather than the 'market value' used in valuation. Copies of the IASC draft standard are available from the IASC publications department, 166 Fleet Street, London EC4A 2DY