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The Interpretations Committee discussed a request to address an issue related to a disclosure paragraph of IAS 41 Agriculture

 18 January 2012


The Interpretations Committee received a request to address an issue related to a disclosure paragraph of IAS 41 Agriculture and the implication that this disclosure may have on the valuation of some biological assets measured at fair value less costs to sell. Specifically, the submitter's concern is that the disclosure in paragraph 51 of IAS 41 may, in their view, be contributing to an unacceptable application of the market approach valuation technique for biological assets.

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