IASB amends standard on foreign exchange rates

15 December 2005

The IASB issued a limited amendment to International Accounting Standard (IAS) 21 ‘The Effects of Changes in Foreign Exchange Rates’. The amendment clarifies the requirements of IAS 21 regarding an entity’s investment in foreign operations and will therefore help the financial reporting of entities that invest in businesses operating in a currency different from that used by the entity.

Press release

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