Valuing Derivatives: Under AASB 13 Fair Value Measurement
January 19, 2015, FTA Outlook, Australia
By Steve Castleton and Andrew Brown
AASB 13, Fair Value Measurement (“AASB 13”) was issued in 2011 and became effective January 1, 2013. Even though the standard has been effective for nearly 2 years, many companies are either still grappling with how to implement the standard with respect to derivative valuations or need to continue to refine their process based on feedback from auditors or an evolving derivative portfolio.