Indian Accounting Standards (Ind AS) are based on the IFRS Standards issued by the International Accounting Standards Board (IASB). In this regard, it may be noted that IFRS Standards are being issued/revised by the IASB from time to time. As a part of convergence with IFRS Standards, Ind AS may be issued/revised corresponding to the IFRS Standards. Accordingly, whenever any amendments are made or new IFRS Standard is issued by the IASB, the Accounting Standards Board (ASB) of the ICAI considers amendments for inclusion in corresponding Ind AS.

In this regard, the Accounting Standards Board has issued the following Exposure Draft for public comments with the last date of comments being January 25, 2026:

• Amendments to Ind AS 21-Translation to a Hyperinflationary Presentation Currency

The downloadable version of the Exposure Draft is available at: https://resource.cdn.icai.org/90046asb-aps-exp-draft.pdf

Comments on the abovementioned Exposure Draft may be submitted through any of the following modes.