As part of its continuing educational initiative, the IFRS Foundation—the parent company of the International Accounting Standards Board—is developing material to support IFRS 13 Fair Value Measurement, with the assistance of a valuation expert group. The material will cover the application of IFRS 13 across a number of topics, which will be published in individual chapters as they are completed; last week, the foundation released the first such chapter: “Measuring the Fair Value of Unquoted
Equity Instruments Within the Scope of IFRS 9 Financial Instruments.”
Notably, the foundation is not seeking comments on the draft, but is making the chapter available to any interested parties until the end of November 2012. To obtain your review copy, click here. The IFRS Foundation expects to publish a final version of the document (whose content will not be authoritative) in December 2012, according its announcement.
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