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KASB concludes post-implementation review of K-IFRS 1113 'Fair Value Measurement'

  • KASB (Korean Accounting Standards Board) (lt blue) Image

12 Oct 2017

The Korea Accounting Standards Board (KASB) has commissioned a post-implementation review of K-IFRS 1113 'Fair Value Measurement', which is identical to IFRS 13.

The purpose of the review was to determine

  • whether the standard achieves its purpose,
  • the benefits and costs of complying with the standard,
  • problems and difficulties that arose, and
  • ways of improving the usefulness of fair value information.

The findings were generally favourable, but some difficulties and problems were identified.

Please click to access the report with the findings of the review on the KASB website (in the English language).

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