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EFRAG draft comment letter on the exposure draft on lack of exchangeability

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image

03 Jun 2021

The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB Exposure Draft ED/2021/4 ‘Lack of Exchangeability’ (proposed amendments to IAS 21).

In the draft comment letter, EFRAG supports the “set up principles-based guidance for determining a lack of exchangeability” and the “intention not to prescribe on a detailed method to determine an estimated exchange rate.” In addition, the EFRAG suggests improvements to the application guidance.

Comments on EFRAG's draft comment letter are requested by 26 August 2021. For more in­for­ma­tion, see the press release on the EFRAG website.

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