IFRS filing profile project
The IFRS Foundation’s jurisdiction profiles, which maps adoption of IFRS globally, show that more than 125 countries either require or allow the use of IFRS for all or most publicly accountable entities when preparing financial statements. To supplement this important research project, the IFRS Foundation has established another project to assess the filing requirements around the world.
The jurisdictional filing profiles describe when and how IFRS financial statements are made available to investors. The aim of the project is to get an accurate picture of the filing and access requirements for financial reports prepared in accordance with IFRS. The analysis includes information on the extent to which the IFRS Taxonomy is used in each jurisdiction when structured digital reporting is required, or planned.
Each profile also includes information on the timetables for IFRS filing, the formats in which filings are available and whether and how electronic filing is using the IFRS Taxonomy.
Where we are getting our information?
As well as collating information that is publicly available, we are surveying countries and organisations around the world, including:
- Standard setters
- The organisations that regulate filing of financial statements
- The large accounting firms
Once each survey response has been reviewed and analysed it will be published on the IFRS website. Some examples of the profiles that we have completed are: