The Institute of Chartered Accountants of India (ICAI) has issued an Exposure Draft for amendments to Indian Accounting Standard (Ind AS) 21, focusing on the 'Lack of Exchangeability'. This move aligns with ongoing convergence with International Financial Reporting Standards (IFRS). The Accounting Standards Board is inviting public comments on the draft, with the deadline for submissions set for December 1, 2023.
Accounting Standards Board
The Institute of Chartered Accountants of India
1st November, 2023
Exposure Draft of Lack of Exchangeability - Amendments to Ind AS 21
Indian Accounting Standards (Ind AS) are based on the IFRS Standards issued by the International Accounting Standards Board (IASB). In this regard, it may be noted that IFRS Standards are being issued/revised by the IASB from time to time. As a part of convergence with IFRS Standards, Ind AS may be issued/revised corresponding t
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FAQ :
The ICAI's Accounting Standards Board has released an Exposure Draft of amendments to Ind AS 21 concerning 'Lack of Exchangeability'.
The amendments are part of the ICAI's convergence efforts with International Financial Reporting Standards (IFRS) issued by the IASB.
The last date for submitting comments on the Exposure Draft is December 1, 2023.
Comments can be submitted electronically via the ICAI website, by email to commentsasb@icai.in, or by post to the Secretary, Accounting Standards Board.
The downloadable version of the Exposure Draft is available on the ICAI website at https://resource.cdn.icai.org/76933asb61951.pdf.