Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies Indonesia has not adopted IFRS Standards for reporting by domestic companies. Indonesia has been converging its national standards toward IFRS Standards, but without a plan for full adoption of IFRS Standards.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies No. All foreign companies whose securities trade in a public market are required to use Indonesian national accounting standards.
The IFRS for SMEs Standard is required or permitted No.
The IFRS for SMEs Standard is under consideration No.
Last updated:
28 March 2017
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