IPTF publishes document for discussion on hyperinflationary economies
The International Practices Task Force (IPTF) of the Center for Audit Quality (CAQ) SEC Regulations Committee has again updated its document for discussion identifying countries that are considered to have hyperinflationary economies. Ethiopia, Suriname and Yemen have been added to the list of countries with a three-year cumulative inflation rate exceeding 100%.
Keywords: Mazars, Thailand, IFRS, IPTF, CAQ, SEC, Hyperinflationary economies
18 August 2022
Readers will remember that the list already included Argentina, Iran, Lebanon, South Sudan, Sudan, Venezuela and Zimbabwe, with Turkey added in March 2022.
However, the IPTF notes that the list is based on available data and does not claim to be exhaustive (e.g. Syria, Ukraine and Afghanistan are omitted).
For more details, the IPTF discussion document is available here.
Want to know more?
Tippawan Pumbansao Audit Partner Bangkok
Our services
Audit and assurance
Independence and Rigour that provides confidence and transparency for stakeholders and society.
Outsourcing
An outsourcing partner that helps you play to your strengths.