EFRAG issues Final Comment Letter on the IASB ED Translation to a Hyperinflationary Presentation Currency - Proposed amendments to IAS 21

EFRAG has published its Final Comment Letter (FCL) on the IASB's Exposure Draft IASB/ED/2024/4 Translation to a Hyperinflationary Presentation Currency - Proposed amendments to IAS 21 (the 'ED').

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.