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03/07/2017 - EFRAG Call for Evidence – Experiences with IFRS 13 Fair Value

​EFRAG is requesting evidence from European Constituents on their experiences with IFRS 13 Fair Value Measurement.

​Background information

The IASB has launched a post-implementation review (PIR) of IFRS 13 Fair Value Measurement.

The purpose of a PIR is to evaluate if the Standard is working as the IASB intended. In particular, the IASB aims to assess whether:

  1. the information required to be provided by IFRS 13 is useful to users of financial statements;
  2. areas of IFRS 13 present implementation challenges and might result in inconsistent application of the requirements; or
  3. unexpected costs have arisen when preparing, auditing or enforcing the requirements of IFRS 13 or when using the information that the Standard requires entities to provide. 

What is the objective of this outreach?

In order to prepare a response to the IASB's Request for Information, EFRAG is calling for evidence from European stakeholders including preparers, users, auditors and academics. The feedback received will assist EFRAG to prepare a response to the IASB's Request for Information.

The objective of the outreach is to obtain evidence about any aspect of the application of IFRS 13. Specifically, we would like to understand whether there are  areas of IFRS 13 that represent implementation challenges and whether unexpected cost have arisen when meeting the requirements of the Standard.

When and how will this outreach be conducted?

The outreach includes questionnaires to users and other constituents. The questionnaires are based on the questions in the IASB's Request for Information, but includes additional questions on areas that we believe call for more detailed insight.

The general questionnaire can be found here.

The questionnaire specifically designed for users can be found here.

EFRAG will not publicise the names of any organisations or individuals who participate. The response to the IASB will include common elements and themes.

If you would like to contribute examples of practice or have any other questions, please contact Albert Steyn ( or Raffaele Petruzzella (

EFRAG would prefer to receive responses by 8 September 2017.