IFRS 13 - Fair Value Measurement

The Ministry of Corporate Affairs (MCA) has notified Ind-AS, but the implementation roadmap is yet to be announced. The newly drafted standards extensively talk about fair value measurement. The International Accounting Standards Board (IASB) has issued "IFRS 13 - Fair Value Measurement" which provides detailed guidance on measurement principles and valuation techniques w.r.t. fair valuation of assets and liabilities. The valuation techniques and measurement principles given in this standard can be applied in a consistent manner while determining the fair value in various situations under the Indian regulatory scenario.


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