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Work in progress

Date recorded:

Work in progress (Agenda Paper 14)

In June 2018, the Committee decided to research possible narrow-scope standard-setting on the exchange rate of a reporting entity when it translates the results and financial position of a foreign operation into its presentation currency and the spot exchange rate is not observable. The Committee will further discuss this matter at a future meeting.

The staff have also received a request in relation to a foreign currency hedge of a non-financial asset. The staff are in the process of analysing the matter.


There was no discussion on this agenda point.

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