Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick All domestic listed companies, financial institutions, and some others are required to use Sri Lanka Financial Reporting Standards, which are IFRS Standards with some modifications.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies tick Sri Lanka Financial Reporting Standards (which are IFRS Standards with some modifications) are required.
The IFRS for SMEs Standard is required or permitted tick Permitted.
The IFRS for SMEs Standard is under consideration
Last updated:
16 June 2016
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