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Deloitte comment letter on tentative agenda decision on IAS 29 — Translating a hyperinflation foreign operation

Published on: 25 Nov 2019

We have commented on the IFRS Interpretations Committee's publication in the September 2019 IFRIC Update of the tentative decision not to take onto the Committee's agenda the request for clarification on how an entity presents the restatement and translation effects from translating the financial statements of a hyperinflationary foreign operation into the entity’s presentation currency that is not the currency of a hyperinflationary economy.

We agree with the IFRS In­ter­pre­ta­tions Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision.

Download the full comment letter below.

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