Quantifi: Quantifi And Deloitte Whitepaper - IFRS 13 - Accounting For CVA & DVA
Posted: 1 August 2014
IFRS 13 "Fair Value Measurement" became effective 1st of January 2013. The International Accounting Standards Board (IASB) issued IFRS (International Financial Reporting Standards) 13 in May 2011 to improve the consistency of fair value measurements.
IFRS 13 establishes a single source of guidance for fair value measurements for all financial instruments. It clarifies the definition of fair value in general as an exit price and enhances disclosures about all fair value measurements.