IASB Amends Mark-To-Market Rules
The IASB amendments clarify and enhance existing disclosure requirements by enabling companies to evaluate the liquidity risk related to financial instruments by using a three-level hierarchy that values those assets based on liquidity.
Mark-to-market, or fair value, accounting mandates that companies value their assets based on current selling prices.
The London-based IASB, which sets...
To view the full article, register now.