Fair Value Disclosures for NFP Public Sector Entities

The AASB, at their meeting on 17th & 18th December 2014, continued discussions on the application of AASB 13 Fair Value Measurement for NFP public sector entities. It was noted that certain required disclosures may be of less importance to users where the related assets are not held for the purposes of generating future cash inflows. Further research is to be done on the possibility of reducing the disclosure burden.

More information can be found here

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