Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick All listed companies, banks, insurance companies, and other financial institutions are required to use IFRS Standards.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies Currently there are no foreign companies whose securities trade on the Tehran Stock Exchange.
The IFRS for SMEs Standard is required or permitted No. Currently, all SMEs are required to use Iranian National Accounting Standards.
The IFRS for SMEs Standard is under consideration tick Yes.
Last updated:
15 December 2016
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