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.
Discussion
There was no discussion on this agenda point.