The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable and globally accepted accounting and sustainability disclosure standards.
Our Standards are developed by our two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB).
IFRS Accounting Standards are developed by the International Accounting Standards Board (IASB). The IASB is an independent standard-setting body within the IFRS Foundation.
IFRS Accounting Standards are, in effect, a global accounting language—companies in more than 140 jurisdictions are required to use them when reporting on their financial health. The IASB is supported by technical staff and a range of advisory bodies.
IFRS Sustainability Disclosure Standards are developed by the International Sustainability Standards Board (ISSB). The ISSB is an independent standard-setting body within the IFRS Foundation.
IFRS Sustainability Standards are developed to enhance investor-company dialogue so that investors receive decision-useful, globally comparable sustainability-related disclosures that meet their information needs. The ISSB is supported by technical staff and a range of advisory bodies.
The IASB undertook a Post-implementation Review of IFRS 13. View it here.
The Interpretations Committee has considered a number of questions submitted to it related to this Standard.
When the Interpretations Committee decides not to add a standard-setting project to the work plan to address a question submitted, it explains why in an agenda decision. In many cases, agenda decisions also include explanatory material that explains how the applicable principles and requirements in IFRS Standards apply to the transaction or fact pattern described in the agenda decision.
All of the Agenda Decisions that relate to this Standard can be found by expanding the link below.
Other educational materials relating to IFRS 13 can be found below.
During the development of IFRS 13 entities in emerging and transition economies expressed their concerns about applying fair value measurement principles in their jurisdictions. Those concerns were reiterated to some members and staff of the IASB at a meeting held with the Emerging Economies Group (EEG) in Beijing in July 2011.
However, the IASB noted that entities in developed economies faced similar challenges during the global financial crisis that started in 2007. This is the context that triggered the IASB’s decision to develop educational material on fair value measurement for an audience that includes not only entities in emerging and transition economies but also entities in developed economies.
The first chapter of this educational material entitled Measuring the fair value of unquoted equity instruments within the scope of IFRS 9 Financial Instruments was published on 20 December 2012 in English and updated on 12 February 2013. To access the list of minor content changes that have been made to the chapter, click here. The document is also available in Japanese and Korean. The educational material does not constitute official requirements of the IASB.
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