Deloitte comment letter on tentative agenda decision on IAS 29 — Applicability of the concept of financial capital maintenance defined in terms of constant purchasing power units

Published on: 20 Nov 2013

We have commented on the IFRS Interpretations Committee tentative decision not to take onto the Committee’s agenda a request for clarification of whether an entity is permitted to use the financial capital maintenance concept defined in terms of constant purchasing power units when the entity's functional currency is not the currency of a hyperinflationary economy and, if so, whether IAS 29 needs to be applied when the entity falls within the scope of that standard.

We recommend that an amendment be made to IAS 29 to clarify the use of inflation accounting..

Download the full comment letter below.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.