Post-implementation review — IFRS 13
Background
The IASB carries out a post-implementation review of each new IFRS or major amendment. This is normally carried out two years after the new requirements have become mandatory and been implemented.
The objectives of a post-implementation review, according to the IASB's Due Process Handbook, are:
- to review the important issues that had been identified as contentious during the development of the pronouncement
- to consider any unexpected costs or implementation problems that have been encountered.
This page covers the IASB's post-implementation review of IFRS 13 Fair Value Measurement.
Current status of the project
This project has been completed. The IASB published IFRS Project Report and Feedback Statement: Post-implementation Review of IFRS 13 'Fair Value Measurement' on 14 December 2018. The Board concluded that the standard works as intended.
Project milestones
| Date | Development | Comments |
|---|---|---|
| January 2017 | IFRS 13 post-implementation review added to the IASB agenda | |
| 25 May 2017 | Request for Information, Post-implementation Review: IFRS 13 Fair Value Measurement released | Comment deadline 22 September 2017 |
| 14 December 2018 | IFRS Project Report and Feedback Statement: Post-implementation Review of IFRS 13 'Fair Value Measurement' published | The Board concluded that the standard works as intended. |
