ICAI ASB Issues Exposure Draft on Ind AS 21 Amendment

Indian Accounting Standards (Ind AS) are largely aligned with the IFRS Standards issued by the International Accounting Standards Board (IASB). Since IFRS Standards are periodically issued or revised by the IASB, the Accounting Standards Board (ASB) of the Institute of Chartered Accountants of India (ICAI) reviews such changes to consider corresponding amendments in Ind AS, ensuring continued convergence.

In line with this process, the ASB has issued an exposure draft for public comments on the “Amendments to Ind AS 21 – Translation to a Hyperinflationary Presentation Currency”. Stakeholders are invited to submit their comments on the draft by 25th January 2026.

This initiative is part of ICAI’s continuous efforts to ensure that Ind AS remains consistent with global accounting standards and addresses relevant reporting issues in practice.

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