Which boards believe that financial statements would be more understandable if companies reported all financial statements at fair value?

Question

Quizplus · Accepted Answer

Both the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have expressed views that financial statements could be more understandable if companies reported all financial instruments at fair value, reflecting a shared perspective on the potential benefits of fair value accounting for enhancing the clarity and relevance of financial reporting.

Which Boards Believe That Financial Statements Would Be More Understandable