Bridging IFRS 13 and IVS: Fair Value Concepts in Theory and Practice - with Wojciech Krynski

Bridging IFRS 13 and IVS: Fair Value Concepts in Theory and PracticeInstructor: Wojciech Krynski

This masterclass offers a focused and practical examination of how Fair Value under IFRS 13 aligns with, diverges from, and interacts with valuation concepts under the International Valuation Standards. Wojciech Krynski will guide participants through the conceptual foundations and the real world application of these frameworks, drawing on technical examples and selected case references.

Key areas of discussion include:• The relationship between Fair Value in IFRS 13 and Market Value in IVS• Equitable value and approaches for aligning it with Fair Value• The market context required for determining Market Value• Identification of market participants and assessment of which market to consider• Specific considerations in international merger and acquisition scenarios• IFRS impairment testing and the practical use of Fair Value and Market Values

This session is designed for valuation professionals and finance practitioners who work with Fair Value measurements or who need clarity on the intersections between accounting standards and valuation practice.

It offers 3 CPD Credits.

About the Instructor:

Wojciech Krynski is Managing Partner at Ground Frost and a specialist in financial reporting and valuations. With over 25 years of experience, he is an expert in the application of International Financial Reporting Standards and works with European stock listed companies and multinational groups on reporting and accounting processes.

He leads the firm’s Transaction Services team, delivering valuations and financial models for businesses and financial institutions. In this role he developed a model validation capability widely used by banks to reduce regulatory risk exposures. He has led numerous due diligence assignments and has participated in hundreds of mergers and acquisitions for Polish and international companies, including involvement in SPA preparation and negotiations on both the buy side and the sell side.

Wojciech is recognised as a leading expert in reporting, valuation, and M&A. He has served as a non-executive director and head of audit committee in several public entities, including PKN Orlen (2017–2019), MCI Funds (2018–), PGS Software (2021–2022), KI Funds (2022–), and the Ministry of Environment (2020–).