Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies
IFRS Standards are permitted but not required for domestic public companies tick Permitted, but very few companies use IFRS Standards.
IFRS Standards are required or permitted for listings by foreign companies
The IFRS for SMEs Standard is required or permitted tick The IFRS for SMEs Standard is permitted, but very few companies use it. Nearly all SMEs use Paraguayan national accounting standards.
The IFRS for SMEs Standard is under consideration
Last updated:
16 June 2016
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