Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick All listed companies must follow IFRS Standards except for financial institutions and insurance companies, which must follow national standards.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies tick Foreign company may use either IFRS Standards or US GAAP.
The IFRS for SMEs Standard is required or permitted No. No particular accounting framework is required for SMEs. Mexican national standards are used by most SMEs.
The IFRS for SMEs Standard is under consideration No.
Last updated:
16 June 2016
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