Beyond the GAAP no. 75 - February 2014
In other news, nearly three years after publication of IFRS 13, and following its first mandatory application in 2013, the IFRS Foundation and the International Valuation Standards Council (IVSC) have announced the signature of a protocol for cooperation on standards and guidance for fair value measurement. This protocol, signed by Sir David Tweedie as president of the IVSC, may help to erase the differences between the two sets of standards which were highlighted when IFRS 13 was published.