02/03/2026 (Agence Europe) – On Friday 27 February, the European Financial Reporting Advisory Group (EFRAG) submitted to the European Commission its final opinion on the adoption by the European Union of amendments to international accounting standard IAS 21, which were published by the International Accounting Standards Board (IASB) last November. IAS 21 provides a framework for the translation of foreign currency transactions in the annual financial statements. The changes concern the way in which accounts are presented when a company publishes its results in a currency in a situation of hyperinflation. The aim is to make the rules simpler and to ensure that they are applied more consistently. EFRAG considers that these amendments meet the required criteria and recommends their adoption by the EU. See the opinion submitted to the Commission: https://aeur.eu/f/kyv (BD)