AASB 129 - Financial Reporting in Hyperinflationary Economies - July 2004
Comparison with IAS 29Comparison with IAS 29
Start here
Get a plain-English read of Comparison with IAS 29
Turn the raw legal text into a practical explanation grounded in AASB 129 - Financial Reporting in Hyperinflationary Economies - July 2004.
Comparison with IAS 29
AASB 129 and IAS 29
AASB 129 Financial Reporting in Hyperinflationary Economies as amended incorporates IAS 29 Financial Reporting in Hyperinflationary Economies as issued and amended by the International Accounting Standards Board (IASB). Paragraphs that have been added to this Standard (and do not appear in the text of IAS 29) are identified with the prefix “Aus”, followed by the number of the relevant IASB paragraph and decimal numbering.
Compliance with IAS 29
Entities that comply with AASB 129 as amended will simultaneously be in compliance with IAS 29 as amended.