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Fair value

Apparently Sir David Tweedie is trying to distance the IASB from the FASB on the subject of fair value. He is quoted as saying: “Their proposal is everything at fair value. I don’t think that is acceptable worldwide and in some segments of the United States either.” The G20 agreed at their meeting in Pittsburgh, USA the end of September 2009 that accounting rules would be comparable by June 2011. The disagreement between the two major regulators of how to implement fair value threatens that deadline, bystanders say.

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