This Newsletter provides an overview of new and revised fair value disclosure requirements for financial instruments applicable in 2013 interim financial statements.
Starting in 2013, Canadian public companies must disclose detailed information about the fair value of financial instruments in their IFRS interim financial statements that they used to provide only in the annual financial statements. This task has been made more difficult because there have been changes to the disclosure requirements as well.
In the attached Newsletter we illustrate the type of fair value disclosures for financial instruments that a hypothetical company might provide in its 2013 interim financial statements. The illustrative disclosure is accompanied by explanatory notes that identify the changes and discuss the new and revised requirements.