1. August 2018

ASCG comment letter to the IFRS IC

Today, we have submitted a comment letter to the IFRS IC, addressing the decisions taken during the IFRS IC’s meetings in June 2018.

Therein, we agree with all final and tentative agenda decision – except that on accounting for currency exchanges in Venezuela. This decision appears not providing meaningful clarification, on which we comment in more detail, while the issue itself is not deemed material at least from a German perspective..