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IASB Fair Value Measurement paper

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The Institute has lodged its submission on the IASB’s 'Fair Value Measurements’ Discussion Paper to the AASB, which was dated 2 April 2007. The Institute is supportive of the paper which seeks to provide guidance on the meaning of the term fair value as it is used in IFRS and provide a consistent basis for its measurement.  
 
A copy of the submission can be found here.