Fair Value Disclosures
The IFRS Foundation has issued a call for commentson a Proposed Taxonomy Update, covering common practice disclosures associated with IFRS 13 – Fair Value Measurement. This is relevant to public companies that are now filing IFRS financial statements to the SEC as foreign private issuers, and those filing, or preparing to file, IFRS financial statements in a number of other jurisdictions, as well as their accountants, auditors and advisors.
There is a short webcast that summarises the proposals, together with a summary slide deck. These materials, as well as the draft taxonomy are available from the Foundations website here. Comments are due by 19 November 2018.
