13/11/2024 - EFRAG Endorsement Status Report - Update
The endorsement by the European Commission of Amendments to IAS 21, The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability is now reflected in the Endorsement Status Report.
The European Union has published a Commission Regulation endorsing Amendments to IAS 21, The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability.
The Amendments specify when a currency is exchangeable into another currency and, consequently, when it is not, how an entity determines the exchange rate to apply when a currency is not exchangeable, and the disclosures an entity provides when a currency is not exchangeable.
The Amendments are effective for annual periods beginning on or after 1 January 2025.
The updated EFRAG Endorsement Status Report can be downloaded below and under the menu 'Endorsement Status'.
