Deloitte comment letter on tentative agenda decision on IFRS 13 — The fair value hierarchy when third-party consensus prices are used
We have commented on the IFRS Interpretations Committee tentative decision not to take onto the Committee’s agenda a request for guidance on the circumstances in which prices that are provided by third parties would qualify as Level 1 in the fair value hierarchy.
We agree with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision.
Download the full comment letter below.