🌍IASB's Fair Value Consult: Game Changer for IAS 28
Acclara AI•
The IASB is looking to clear the fog around the fair value option in IAS 28. This move aims to standardize how companies measure investments, making financial statements clearer for everyone.
Key Points
•📅 Deadline Alert: Consultation open until April 20, 2026
•📊 What's at Stake: Clarifying the fair value option in IAS 28
•🔍 Key Issue: Diverse application affects income and expense classification
•⏲️ Quick Turnaround: Amendments expected by mid-2026
•🌐 Global Impact: Changes to be incorporated into national legislation
🔍 What's Happening?
The IASB is throwing a lifeline to companies puzzled over the fair value option in IAS 28 Investments in Associates and Joint Ventures. They've launched a consultation to clear up confusion and ensure everyone is on the same page.
📊 Why Now?
Feedback from stakeholders highlighted the chaos and inconsistency in how the fair value option is applied, especially with the looming deadline for implementing IFRS 18 Presentation and Disclosure in Financial Statements. Companies are scratching their heads, and the IASB is stepping in to smooth things out.
⏲️ The Timeline
The IASB isn't wasting any time. The comment period is open until April 20, 2026, with final amendments expected by mid-2026. This tight schedule is designed to give jurisdictions enough time to integrate changes into their national laws.
