Financial Instruments

While some members of the International Accounting Standards Board undoubtedly favour a full fair value approach for financial assets and financial liabilities, the IASB has not proposed such an approach at any time in its nine-year history. However, the IASB has asked its constituents to comment on the Financial Accounting Standards Board’s proposals for a full fair value approach (see below). The IASB will use that feedback when it considers how to reconcile any differences between its mixed measurement model in IFRS 9, Financial Instruments, and the full fair value model in US GAAP.