Deloitte comment letter on tentative agenda decision on IAS 21 and IAS 29 — Cumulative exchange differences before a foreign operation becomes hyperinflationary

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 whether, at the beginning of the period during which its foreign operation becomes hyperinflationary, an entity reclassifies within equity the cumulative pre-hyperinflation exchange differences.

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 and suggest some editorial changes.

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.