This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Disclosure initiative — Targeted Standards-level Review of Disclosures – International Accounting Standards Board

Date recorded:

At its meeting on February 26, 2020, the IASB met to continue its discussions on the specific disclosure objective for the drivers of change in fair value measurements to be included in IFRS 13. The Board tentatively decided to revise three preliminary decisions made in September and November 2019 relating to the specific disclosure objective about the drivers of change in fair value measurements. The Board tentatively decided that:

  1. an entity would be required to meet a specific objective to disclose information that will enable users to understand the significant drivers of change in fair value measurements over a reporting period;
  2. to meet the objective in (i), an entity would be required to disclose a reconciliation from the opening to the closing balances of recurring fair value measurements classified in Level 3 of the fair value hierarchy; and
  3. any explanation of significant drivers of change in fair value measurements—other than those classified in Level 3 of the fair value hierarchy—would be identified as an example of information that an entity may, but is not required to, disclose to meet the objective in (i).

The Board will discuss due process steps for an Exposure Draft of its proposals at a future meeting.

Review the IASB Update and podcast on the Board's Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.