Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick Full IFRS Standards are required for all listed companies and some others including large subsidiaries of IFRS parent companies, export-import companies, and government owned/controlled companies. Banks and other financial institutions use IFRS Standards with several modifications.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies tick Permitted.
The IFRS for SMEs Standard is required or permitted tick Required for all except micro sized, unless full IFRS Standards are required or used.
The IFRS for SMEs Standard is under consideration
Last updated:
16 June 2016
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