Tentative Agenda Decision on Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) (IFRS 18)

IFRS Interpretations Committee (IC) issues Agenda Decisions to explain how the applicable principles and requirements in IFRS Standards issued by the International Accounting Standards Board (IASB) apply to a transaction or fact pattern. For this purpose, it first issues a Tentative Agenda Decision (TAD) seeking public comments from across the globe.

The Accounting Standards Board (ASB) of ICAI with the aim to provide an opportunity to the various stakeholders in India to raise their concerns and participate in International Standard-setting and implementation related activities, invites comments on the TAD issued by the IFRS IC.

Recently, the IFRS IC has issued the following TAD for public comments:

  • Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) (IFRS 18)

How to comment:

1.  

Electronically:  

Click on "Submit a comment letter" below (Preferred mode)           

2.  

Email:                      

Comments can be sent to: commentsasb@icai.in  

3.  

Postal:                              

Secretary, Accounting Standards Board,  

The Institute of Chartered Accountants of India,  

ICAI Bhawan, Post Box No. 7100,   

Indraprastha Marg, New Delhi 110 002  

  Further clarifications on this TAD may be sought by e-mail to asb@icai.in.

Comment letter deadline

The Exposure Draft is open for comment until 12th November, 2025

Due process documents
Tentative Agenda Decision on Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) (IFRS 18)  [PDF]