The International Accounting Standards Board (IASB) has published a consultation proposing targeted amendments to clarify which investments a company is eligible to measure using the fair value option in IAS 28 Investments in Associates and Joint Ventures.
This consultation responds to feedback from stakeholders that identified diversity in how the fair value option in IAS 28 is applied and the effects of that diversity on the classification of income and expenses in the statement of profit or loss in accordance with IFRS 18 Presentation and Disclosure in Financial Statements. This issue has taken on increased importance as more companies are considering whether to elect that option as part of implementing IFRS 18.
The IASB’s proposed narrow-scope amendments aim to improve consistency in application and provide timely clarity ahead of the effective date of IFRS 18.
The IASB has set a shorter comment period to allow for any amendments to be completed in time for the implementation of IFRS 18.
The consultation is open until 20 April 2026 and the IASB plans to finalise any amendments by mid-2026, allowing jurisdictions to bring the amendments into national legislation.
Read and comment
- Exposure Draft Amendments to the Fair Value Option for Investments in Associates and Joint Ventures
- Submit a comment letter on the Exposure Draft. The comment period closes on 20 April 2026.
Followable tags
IFRS Accounting consultative documents
IFRS Accounting Standards development
IFRS 18 Presentation and Disclosure in Financial Statements
IAS 28 Investments in Associates and Joint Ventures
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