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Interpretations Committee discussed interaction between the use of Level 1 inputs and the portfolio exception set out in IFRS 13

 15 May 2013


The Interpretations Committee discussed the interaction between the use of Level 1 inputs and the portfolio exception set out in IFRS 13 Fair Value Measurement, in response to a request that it had received to clarify this interaction. The Interpretations Committee noted that there was insufficient guidance in the Standard for it to be able to answer this question and so it decided that this issue needs to be considered by the IASB. Accordingly it asked the staff to present the Interpretations Committee’s concerns to the IASB.

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