Home

IFRS in your pocket 2023

This IASB Update highlights preliminary decisions of the International Accounting Standards Board (IASB). Projects affected by these decisions can be found on the work plan. The IASB's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the IFRS Foundation's Due Process Handbook. The IASB met for a supplementary meeting on 23 August 2023.

iGAAP in Focus August 2023 (IASB amends IAS 21 to clarify when a currency is exchangeable and how to determine the exchange rate when it is not)

On 15 August 2023 the International Accounting Standards Board (IASB) issued Lack of Exchangeability, which amends IAS 21 The Effects of Changes in Foreign Exchange Rates. In the webcast below, IASB Technical Staff Members Jenifer Minke-Girard and Rashida Abdryashitova explain how the IASB’s new requirements aim to address situations in which a currency is not exchangeable into another currency. T...