EFRAG issues draft comment letter on the IASB ED Translation to a Hyperinflationary Presentation Currency - Proposed amendments to IAS 21
EFRAG has published its draft comment letter (DCL) on the IASB's Exposure Draft IASB/ED/2024/4 Translation to a Hyperinflationary Presentation Currency - Proposed amendments to IAS 21 (the 'ED').
Feedback on EFRAG's DCL is highly appreciated and should be received by 28 October 2024 to allow EFRAG to comply with the IASB's deadline set for commenting on the ED. You are asked to provide your input on the draft comment letter by clicking on the 'Submit your comment' link below.
EFRAG supports the proposed amendments to IAS 21 to address the translation to a hyperinflationary presentation currency and provides a few recommendations that could enhance the clarity of the proposals. EFRAG also supports the proposed disclosure requirements, corresponding disclosure requirements for subsidiaries without public accountability and proposed transition requirements.