IFRS Interpretations Committee - Tentative Agenda Decision: Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) (IFRS 18) – UKEB Final Comment Letter

The UKEB has published its Final Comment Letter in response to the IFRS Interpretations Committee – Tentative Agenda Decision: Classification of a Foreign Exchange Difference from an Intragroup Monetary Liability (or Asset) (IFRS 18).

The UKEB Final Comment Letter recommends enhancing the clarity of the Committee’s conclusions in the Tentative Agenda Decision, but agrees that, on balance, a standard setting project should not be added to the IASB work plan at this stage of the transition to IFRS 18 Presentation and Disclosure in Financial Statements.

Thank you to all stakeholders who contributed to the development of this letter.