Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick Public companies and financial institutions are required to use Myanmar Financial Reporting Standards (MFRS), which are substantively identical to the 2010 versions 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 There are no foreign companies whose securities trade in a public market in Myanmar.
The IFRS for SMEs Standard is required or permitted tick Myanmar has adopted the IFRS for SMEs Standard as the Myanmar Financial Reporting Standard for SMEs. SMEs are permitted to use the MFRS for SMEs or full MFRS.
The IFRS for SMEs Standard is under consideration
Last updated:
16 June 2016
Last updated:
08 June 2015
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