Which board(s) has(have) faced strong opposition when working to implement fair value measurement for financial instruments?

Question

Quizplus · Accepted Answer

Both FASB and IASB have faced strong opposition when working to implement fair value measurement for financial instruments. Fair value measurement has been a contentious issue in the accounting industry, with some arguing that it is too subjective and can lead to volatility in financial statements. As a result, both FASB and IASB have faced opposition from various stakeholders, including companies, investors, and regulators, when attempting to implement fair value measurement standards.

Which Board(s) Has(have) Faced Strong Opposition When Working to Implement