Status: Draft -- Not PublishedWill be live at 12/22/2014 00:00
IIF SAG comment letter: Exposure Draft on Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value
Monday, December 22, 2014
The IIF SAG commented on the Exposure Draft - Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value (ED). The objective of the ED is to clarify the usage of the unit of account for investments in subsidiaries, joint ventures and associates (Investment) and the interaction between the guidance in IFRS13 on the use of Level 1 inputs and those units of accounts.' The SAG recommends that the measurement of the unit of account should be the measure of that unit as a whole instead of the measurement of individual instruments that make up the investment.'