Draft Technical Correction published

30 September 2005

The IASB has published for public comment Draft Technical Correction (DTC) 1 Proposed Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates—Net Investment in a Foreign Operation. Comments should be received by 31 October 2005. If confirmed, these amendments would be the first to be issued under the proposed new policy on technical corrections that was published for comment on 28 July. The IASB expects to consider comments received on the policy and on DTC 1 at a meeting later this year.