CAQ Issues Discussion Document on Monitoring Inflation in Certain Countries

The Center for Audit Quality (CAQ) has released a May 2025 discussion document that provides “a 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.”

Developed by the CAQ’s International Practices Task Force, the discussion document categorizes countries on the basis of “their cumulative inflation rates and the implementation guidance in ASC 830.” The document also identifies countries in which “projected cumulative inflation rates would have been categorized into categories considering the guidance in ASC 830 and in circumstances where there was not consistent reliable data.”