Accounting Standards Board
The Institute of Chartered Accountants of India
1st November, 2023
Exposure Draft of Lack of Exchangeability - Amendments to Ind AS 21

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 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 December 1, 2023:

The downloadable version of the Exposure Draft is available at: https://resource.cdn.icai.org/76933asb61951.pdf

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

1. Electronically: Click on http://www.icai.org/comments/asb/ to submit comment online (Preferred method)
2. Email: Comments can be sent to: commentsasb[at]icai[dot]in
3. Postal: Secretary, Accounting Standards Board,
The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi 110 002

Further clarifications on the Exposure Draft may be sought by e-mail to asb[at]icai[dot]in.

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