Tribune Online
FRC clarifies position on IAS 29 for hyperinflationary economies

THE Financial Reporting Council of Nigeria (FRC) has issued a detailed statement clarifying the application of International Accounting Standard (IAS) 29, Financial Reporting in Hyperinflationary Economies. The move was aimed at guiding entities operating in inflation-challenged economies like Nigeria, ensuring consistency and transparency in financial reporting amidst hyperinflationary pressures. By clarifying its stance, the FRC […]

FRC clarifies position on IAS 29 for hyperinflationary economies
Tribune Online