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.
