Amendment to Regulation (EU) 2023/1803

This regulation updates existing EU rules on financial reporting by incorporating recent changes to international accounting standards. It ensures that companies using these standards can accurately reflect their financial position.

The update affects companies that apply International Financial Reporting Standards (IFRS). It specifically addresses changes to IAS 21, IFRS 19, and IAS 29, impacting how currency translation, employee benefits, and hyperinflationary economies are reported.