IASB: Draft Technical Correction to IAS 21 published

30 September 2005




The International Accounting Standards Board (IASB) published for public comment the draft Technical Correction (DTC) 1 to IAS 21 “The Effects of Changes in Foreign Exchange Rates—Net Investment in a Foreign Operation”. If confirmed, these amendments would be the first to be issued under the proposed new policy on technical corrections that was published for comment on 28 July. The IASB expects to consider comments received on the policy and on DTC 1 at a meeting later this year.

Comments should be received by 31 October 2005.

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