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Deloitte comment letter on IASB ED/2014/4 "Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value"

Published on: Jan 16, 2015

Deloitte responded to the International Accounting Standards Board's Exposure Draft ED/2014/4 Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value.

The principle that fair value measurement should be consistent with the unit of account of the asset or liability to be measured is fundamental to IFRS 13. We do not believe it is appropriate to require a departure from this principle solely due to the availability of a Level 1 input for individual assets within a larger unit of account. That is, the valuation technique and related inputs should be consistent with the unit of account prescribed by standard setters.

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