CAQ Issues Discussion Document on Monitoring Inflation

The International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ) has issued a discussion document, Monitoring Inflation in Certain Countries. The discussion document addresses the IPTF’s “framework for compiling inflation data to assist registrants in monitoring inflation statistics in connection with their determination of the inflationary status of countries in which they have operations.” The document notes that Argentina, Ethiopia, Haiti, Iran, Lebanon, South Sudan, Sudan, Suriname, Turkey, Venezuela, and Zimbabwe have three-year cumulative inflation rates exceeding 100 percent.