By issuing International Financial Reporting Standard #13 (IFRS 13), the International Accounting Standards Board (IASB) defines fair value, sets out a framework for measuring fair value, and requires disclosures about fair value measurements. The IASB says IFRS 13 applies when another Standard “requires or permits fair value measurements or disclosures about fair value measurements (and measurements based on fair value,

The International Accounting Standards Board has proposed narrow scope amendments to IAS 16 Property, Plant and Equipment to reduce the diversity in application of the Standard. As reported by The Standard. IAS 16 establishes principles for recognising and measuring items of property, plant and equipment as assets. The proposed amendments would prohibit deducting sales proceeds from the cost of an

Jointly presented by CPA Canada and the IFRS Foundation in Toronto, this conference is your opportunity to receive authoritative updates and implementation support on IFRS Standards. Presenters include the IASB® members Sue Lloyd (Vice-Chair), Gary Kabureck, Darrel Scott, Tom Scott, and Mary Tokar, as well as AcSB Chair Linda Mezon. As reported by The Standard. This year the International Financial