IFRS in Focus — IASB issues exposure draft on first-time adoption of IFRSs after a period of severe hyperinflation

Published on: 10 Oct 2010

On 30 September 2010, the International Accounting Standards Board (IASB) published an exposure draft, ED/2010/12 Severe Hyperinflation, which sets out proposed guidance on how an entity should resume presenting IFRS-compliant financial statements after a period in which it was unable to comply with IFRSs because it had a functional currency that was subject to severe hyperinflation.


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