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Final stage

This project assessed whether the Board should replace IAS 21 or undertake some narrower-scope improvements to IAS 21—including the accounting for long-term payables and receivables when a currency is thinly traded and volatile.

Following feedback from the 2015 Agenda Consultation and a review of the research findings, the Board decided:

  • not to develop a replacement to, or amendment of, IAS 21 The Effects of Changes in Foreign Exchange Rates; and
  • not to carry out further research in this area.