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03 December 2010

EFRAG issued final comment letter on the IASB's ED 2010/12 Severe Hyperinflation


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EFRAG begrüßt die Initiative des IASB, stärker auf die Bedürfnisse ihrer Mitglieder einzugehen, hat aber einige Bedenken zu dem Umfang und der Anwendung der Vorschläge.


In September 2010, the IASB issued the Exposure Draft Severe Hyperinflation (Proposed amendment to IFRS 1).  The Exposure Draft proposes an exemption which would allow an entity that has been subject to severe hyperinflation to measure assets and liabilities at fair value and use that fair value as the deemed cost of those assets and liabilities in the opening IFRS statement of financial position.

Full paper


© EFRAG - European Financial Reporting Advisory Group


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