The new IFRS for SMEs (Third Edition) – Section 12: Fair Value Measurement

  • Presenter: Anton van Wyk CA(SA)
  • Level: Advanced
  • Study time: 2 Hours
  • Date: 14 July 2026
    08:00 - 10:00 
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Course overview
Fair value is increasingly central to how SMEs measure investments, certain financial instruments, and other assets and liabilities. In this fourth webinar of our 2026 IFRS for SMEs Series, we unpack the introduction and refinement of fair value measurement guidance in the Third Edition of the IFRS for SMEs (2025) and what it means in practice. The IASB has aligned the fair value framework more closely with full IFRS principles, providing clearer guidance on how fair value should be determined, including the use of market-based measurements, valuation techniques, and observable versus unobservable inputs. While the Standard remains simplified for SMEs, the expectations around consistency, transparency, and judgment have been strengthened. This session will focus on practical application: understanding the fair value hierarchy, identifying when fair value is required, applying appropriate valuation approaches, and avoiding common pitfalls in measurement and disclosure. We will also discuss how these amendments may affect SMEs with property investments, financial instruments, and other fair value-sensitive items. If you prepare, review, or advise on SME financial statements, this webinar will equip you to apply fair value confidently, exercise sound professional judgment, and ensure compliance under the updated Standard.

In completing this learning engagement, you will have developed the following professional competencies indicated in the green section below:

What's included?

  • 1 Live event
  • 1 Quiz
  • 1 Certificate

New IFRS for SMEs Fair Value Measurement

Link with SAICA Competency Framework

  • Competencies covered in Technical competencies group, Enabling and future competency group and Professional values and attitudes competencies group