Request for information and comment letters—Post-implementation Review—IFRS 13 Fair Value Measurement


The International Accounting Standards Board (the Board) has issued a request for stakeholders to tell the Board about their experience with the accounting standard that explains how to measure the ‘fair value’ of assets and liabilities, IFRS 13. The aim is to check whether the Standard meets its objectives.

This request is part of the Board’s Post-implementation Review (PIR) of IFRS 13 Fair Value Measurement. The objective of a PIR is to assess whether an accounting standard works as intended and achieves its objectives. This assessment involves analysing how the requirements in the standard affect investors, companies and auditors. The PIR also helps detect areas of a standard that may present challenges that could result in inconsistent application of the requirements.

The PIR of IFRS 13 consists of two phases. In the first phase, the Board identified topics for further analysis in the second phase. The second phase starts with a Request for Information (RFI) published today, and focuses on:

  • disclosures about fair value measurements;
  • further information about measuring quoted investments in subsidiaries, joint ventures and associates at fair value;
  • application of the concept of the ‘highest and best use’ when measuring the fair value of non-financial assets; and
  • application of judgement.

In addition, this RFI explores whether there is a need for further guidance on measuring the fair value of biological assets and unquoted equity instruments.

IFRS 13 defines fair value and sets out, in a single IFRS Standard, how fair value should be measured and which disclosures are required about fair value measurements. The Standard was issued in May 2011 and became effective from 1 January 2013.

Deadline for submission: 22 September 2017

All comment letters should be submitted via the online upload page. If you have any problems using this page, please contact us for help with the submittal process. Please refrain from sending comment letters to IASB or IFRS Foundation individuals. Board and staff members have access to all comment letters submitted via the online upload page. You must be an eIFRS Basic user to submit a comment letter and registration is free.

All comment letters will be on the public record and posted on our website unless the respondent requests confidentiality. Such requests will not normally be granted unless supported by a good reason, for example, commercial confidence.


Comment letters are public and all comment letters received on the due process document can be accessed below.

If you have trouble finding a specific comment letter, please contact us.

Access individual comment letters in the table below or download all letters as zip file.


This website uses cookies. You can view which cookies are used by viewing the details in our privacy policy.