Global Standards for the world economy

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Amendments to IFRS 1

Exposure draft Severe Hyperinflation [Sept 2010]

 Exposure draft and Comment letters


On 30 September 2010 International Accounting Standards Board (IASB) today published for public comment an exposure draft Severe Hyperinflation, a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards.

The amendment proposes guidance on how an entity should resume presenting financial statements in accordance with International Financial Reporting Standards (IFRSs) after a period when the entity was unable to comply with IFRSs because its functional currency was subject to severe hyperinflation.

Comment letter deadline

The comment letter deadline was  30 November 2010.

View the comment letters.


Due process documents
Exposure Draft: Severe Hyperinflation (Proposed amendment to IFRS 1) [PDF]
Exposé-sondage: Hyperinflation grave (projet de modification d’IFRS 1) [French][PDF]

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