IFRS 13 Fair Value Measurement
IFRS 13 Fair Value Measurement defines fair value, sets out a framework for measuring fair value, and requires disclosures about fair value. This factsheet sets out the key requirements of the standard.
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- 2023 Issued Standard – IFRS 13
The 2023 Issued Standards include all amendments issued up to and including 1 January 2023.
Registration is required to access the free version of the Issued Standards, which do not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions).
Summary and timeline
Looking for the synopsis? Our IFRS 13 summary and timeline features information on current proposals and a timeline of IASB updates.
Related IFRIC interpretations
UK reduced disclosures – FRS 101
UK qualifying parents and subsidiaries can take advantage of FRS 101 Reduced Disclosure Framework. Our FRS 101 page gives more information on which entities qualify and the criteria to be met.
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Amendments to the standard for FRS 101 preparers
There are no amendments to IFRS 13 in order to comply with the Companies Act and related Regulations.
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Disclosure exemptions for FRS 101 preparers
FRS 101 paragraph 8(e) states that a qualifying entity is exempt from all of the disclosure requirements of IFRS 13 with the following limitations.
- Equivalent disclosures must be made in the consolidated financial statements of the group in which the entity is consolidated.
- A financial institution may not use the exemption from IFRS 13 in relation to financial instruments, but may use it in relation to other assets and liabilities.
- Non-financial institutions must make additional disclosures if certain financial instruments are measured at fair value.
IFRS 13 paragraphs for which exemption is available: 91–99.
ICAEW factsheets and guides
The Financial Reporting Faculty's annual IFRS factsheets provide a more detailed discussion of recent IFRS amendments.
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