IFRS 13 was issued to provide guidance on measuring items at a fair value rather than historic cost. Discuss what is meant by the measurement of fair value and discuss some of the advantages and limitations of implementing the standard.
IFRS 13 was issued to provide guidance on measuring items at a fair value rather than historic cost. Discuss what is meant by the measurement of fair value and discuss some of the advantages and limitations of implementing the standard.
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
Section: Chapter Questions
Problem 30RSCQ
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IFRS 13 was issued to provide guidance on measuring items at a fair value
rather than historic cost. Discuss what is meant by the measurement of fair
value and discuss some of the advantages and limitations of implementing the
standard.
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