CERTYNEX IFRS ACADEMY

In a review of a valuation file, a controller examines four practices relating to inputs. Which one is contrary to the standard?

Retaining an internal estimate when a relevant observable price is available in the market.

Using a dealer market quotation as an observable input for a security traded there.

Looking first for relevant observable inputs before resorting to internal estimates.

Minimising, within the technique chosen, the use of unobservable inputs.