BC1 This Basis for Conclusions summarises the considerations of the International Accounting Standards Board (IASB) in reaching the conclusions in IFRS 13 Fair Value Measurement. It includes the reasons for accepting particular views and rejecting others. Individual IASB members gave greater weight to some factors than to others.
BC2 IFRS 13 is the result of the IASB’s discussions about measuring fair value and disclosing information about fair value measurements in accordance with International Financial Reporting Standards (IFRSs), including those held with the US national standard‑setter, the Financial Accounting Standards Board (FASB), in their joint project on fair value measurement.
BC3 As a result of those discussions, the FASB amended particular aspects of Topic 820 Fair Value Measurement in the FASB Accounting Standards Codification® (which codified FASB Statement of Financial Accounting Standards No. 157 Fair Value Measurements (SFAS 157)). The FASB separately developed
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