IPTF publishes working document on hyperinflationary economies
On 7 January, the International Practices Task Force (IPTF) at the Center for Audit Quality’s SEC Regulations Committee updated its discussion document identifying countries that are considered to have hyperinflationary economies.
Keywords: Mazars, Thailand, IFRS, Hyperinflationary Economies, SEC Regulations, Inflation Rate
The countries with a three-year cumulative inflation rate exceeding 100% are Argentina, Ethiopia, Haiti, Iran, Lebanon, South Sudan, Sudan, Suriname, Turkey, Venezuela and Zimbabwe.
As in previous editions, the IPTF notes that the list is based on available data and does not claim to be exhaustive (e.g. Syria and Afghanistan are both omitted).
For more details, the IPTF working document is available here.
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