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  • Financial Statements adjusted for inflation

Financial Statements adjusted for inflation

When the functional currency of a company is the currency of a hyperinflationary economy, its financial statements have to be adjusted for inflation in accordance with the International Accounting Standard No. 29  and the Section 31 of the International Financial Reporting Standard for Small and Medium-sized Entities (SMEs), issued by International Accounting Standards Board.

BDO helps companies in the process of recognizing the effects of inflation in its financial statements.