One of the concerns associated with fair value measurement is that management bias may affect the reliability of the information. IFRS 13 requires that fair values be based on market-based assumption rather than entity-based assumptions in order to overcome this issue.Compare the potential for management bias when making market-based or entity-based specific assumption.

Answer rating: 100% (QA)

According to standard 13 of IFRS the fair value should be calculated based upon ... View the full answer