Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies No stock exchange. Some large state-owned enterprises and the sovereign wealth fund (Petroleum Fund of Timor-Leste) are required to comply with IFRS Standards.
IFRS Standards are permitted but not required for domestic public companies tick Other public companies including banks are permitted but not required to use IFRS Standards.
IFRS Standards are required or permitted for listings by foreign companies No stock exchange.
The IFRS for SMEs Standard is required or permitted No. Accounting standards have not yet been adopted in Timor-Leste. SMEs are permitted to use full IFRS Standards.
The IFRS for SMEs Standard is under consideration No.
Last updated:
16 February 2017
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