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On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB).
On 26 June 2023 the ISSB issued its inaugural standards—IFRS S1 and IFRS S2—ushering in a new era of sustainability-related disclosures in capital markets worldwide.
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Use of a Hyperinflationary Presentation Currency by a Non-hyperinflationary Entity (IAS 21)
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Current stage
At its June 2023 meeting, the Committee decided to refer the matter to the IASB by recommending the IASB develop a narrow-scope amendment that addresses:
- the fact pattern described in the request; and
- a related matter of an entity whose functional currency is the currency of a non-hyperinflationary economy but that presents its financial statements in a currency of a hyperinflationary economy.
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Decide Project Direction
Previous meeting
IFRS Interpretations Committee June 2023
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