Adoption and copyright of IFRS Standards

Is your jurisdiction considering adopting IFRS Standards or the IFRS for SMEs Standard? Is there a standard approach? What is the process, and how can the IFRS Foundation assist you?

Every jurisdiction is different, with its own expertise, professional infrastructure and regulatory interests. These can affect which method of adoption is most suitable.

The IFRS Foundation recommends adopting IFRS Standards in a single step, but recognises that for some jurisdictions it may first be necessary to converge local standards with IFRS Standards. Our adoption guide provides the information you need when planning for your jurisdiction.

Methods of adoption

Each jurisdiction is allocated a project manager from the Translation, Adoption and Copyright team as a key support and contact. Please contact the team as early in the process as possible, ideally before a road map is officially announced, so that we can discuss the various adoption and licensing methods, and provide advice on translation where necessary.

These are the most common questions we are asked by jurisdictions with an interest in adopting IFRS Standards.

Frequently asked questions

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