We have posted profiles on the use of IFRS in Panama and Suriname. Both jurisdictions permit IFRS for all listed companies. This brings the total number of countries surveyed so far to 124.
101 of the 124 jurisdictions require IFRS for all or most domestic publicly accountable entities (listed companies and financial institutions) in their capital markets. Another 12 permit IFRS for those companies. The profiles describe each jurisdiction’s decisions regarding use of IFRS, for instance, which companies, which types of financial statements, and whether IFRS is required or permitted. The profiles explain whether the jurisdiction made any modifications to IFRS, the wording in the auditor’s report, and the nature of each jurisdiction’s process for adopting or endorsing IFRS under local law or regulations.
Taiwan jurisdiction profile has been updated
The revisions to the profile clarify which Standards have been endorsed by the Financial Supervisory Commission (FSC). Domestic listed companies in Taiwan have a choice of using (a) IFRS as endorsed by the FSC or (b) with approval of the FSC, IFRS as issued by the IASB.
View the jurisdiction profiles.