Accounting Standard AASB 2023-5 Amendments to Australian Accounting Standards – Lack of Exchangeability
Standards amended by AASB 2023-5Standards amended by AASB 2023-5
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Standards amended by AASB 2023-5
This Standard makes amendments to AASB 1 First-time Adoption of Australian Accounting Standards (July 2015), AASB 121 The Effects of Changes in Foreign Exchange Rates (August 2015) and AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-For-Profit Tier 2 Entities (March 2020).
These amendments arise from the issuance of International Financial Reporting Standard Lack of Exchangeability (Amendments to IAS 21) by the International Accounting Standards Board (IASB) in August 2023.