27. May 2017

IASB published Request for Information on IFRS 13

On 25 May 2017, the IASB has issued the Request for Information (RfI) regarding IFRS 13 Fair Value Measurement. The RfI is part of the Post-implementation Review (PiR) of IFRS 13 with the objective to assess whether the Standard achieves its objectives, how the requirements of the Standard affect investors, companies and auditors and whether there are areas in which the Standard is applied inconsistently.

Therefore, the IASB identified the following areas, which shall be addressed within the RfI:

  • disclosures about fair value measurements,
  • measuring quoted investments in subsidiaries, joint ventures and associates at fair value,
  • application of the concept of the ‘highest and best use’ when measuring the fair value of non-financial assets, and
  • application of judgement.

Comment letters are requested until 22 September 2017. TheRfI can be found here. (IASB press release)