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iGAAP Alert: May 2011

IASB issues new standard on fair value measurement and disclosure

iGAAP Alert: November 2010

Background

IFRS 13 does not include requirements on when fair value measurement is required; instead it prescribes a consistent basis for how fair value is to be measured if other standards require it.

The new Standard is a one stop shop for fair value requirements applicable to financial and non-financial items. It defines fair value (as an exit price for both assets and liabilities), provides a unified guidance on its determination and introduces consistent requirements for disclosures.

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Download  iGAAP Alert: May 2011 (PDF)

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