Lack of Exchangeability – International Accounting Standards Board

Date recorded:

At its meeting on December 13-15, 2022, the IASB met to discuss how the project should proceed, including related to the following issues: (a) assessing exchangeability between two currencies; (b)  determining the spot exchange rate when exchangeability is lacking; and (c) disclosure and transition. Following its discussions, the IASB made tentative decisions with respect each of (a), (b) and (c). The IASB will discuss effective date and due process steps at a future meeting.

Review the IASB Update and podcast on the Board's Web site.

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