The IFRS Foundation has published a new edition of its IFRS Translations Update (link to IASB website). Translation is a necessary and vital part of achieving the IFRS Foundation's mission to develop a single set of high-quality global accounting standards for use around the world. It is in the interest of any country adopting or using IFRSs or the IFRS for SMEs that the translated IFRSs are of a high quality. Moreover, the translation of IFRSs is often also an important component in a country’s decision to adopt IFRSs. The IFRS Translations Update gives an overview of recently published and upcoming translations:
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