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Final stage

The project addresses questions received about the unit of account for financial assets that are investments in subsidiaries, joint ventures and associates measured at fair value. The project also addresses questions received on the interaction between the use of Level 1 inputs and the measurement of quoted investments at fair value and the portfolio exception in IFRS 13 Fair Value Measurement.

Similarly, the International Accounting Standards Board (Board) received questions on the measurement of the recoverable amount of cash-generating units on the basis of fair value less costs of disposal when they correspond to entities that are quoted in an active market.

On the basis of the work undertaken and the resulting findings, the Board decided it will use this work by feeding it into the Post-implementation Review (PIR) of IFRS 13. In addition, the Board will consider further work on this topic if the PIR identifies this as a critical area in which entities have encountered significant problems when implementing the Standard.