A new analysis by the IFRS Foundation shows that more than 25,000 of the approximately 48,000 domestic listed companies on the 85 major securities exchanges in the world use IFRS Standards. And of the companies that do not use IFRS Standards, over 80 per cent are listed in China, India, Japan, and the United States.
Of the approximately 2,500 foreign listed companies on those 85 major securities exchanges, the analysis has, so far, identified more than 1,000 of those companies using IFRS Standards.
The analysis reflects a combination of data on use of IFRS Standards as reported in the IFRS jurisdiction profiles and data on the number of domestic and foreign listed companies reported by the two global organisations of securities exchange—the World Federation of Exchanges and the Federation of European and Asian Stock Exchanges.
To read more about the new analysis click here.