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UKEB final comment letter on the exposure draft on lack of exchangeability

  • UK Endorsement Board (UKEB) Image

06 Sep 2021

The UK Endorsement Board (UKEB) has published its final comment letter on the International Accounting Standard Board’s (IASB's) Exposure Draft ED/2021/4 ‘Lack of Exchangeability’ (proposed amendments to IAS 21).

In the final comment letter, the UKEB supports the proposals in the IASB's Exposure Draft as they provide guidance on an area not covered by the existing standard.  The UKEB therefore believes that the proposals should reduce diversity in practice, leading to consistency and comparability of financial statements.  In its final comment letter the UKEB also proposes some minor changes to the wording of the amendments. 

The final comment letter and the feedback statement is available on the UKEB website.

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