Update on accounting standards in Taiwan
09 Jan 2014
Effective 1 January 2014, entities in Taiwan using IFRS can choose the fair value model for investment property as their accounting policy under IAS 40 'Investment Property'. Previously, only the cost-depreciation-impairment model in IAS 40 was permitted.
For more information on the use of IFRSs in Taiwan, see its jurisdiction profile on the IASB's website.