Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies Accounting standards established by the Ministry of Finance are required for listed companies. However, IFRS Standards are required for banks, and with some modifications of the Standards.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies No.
The IFRS for SMEs Standard is required or permitted No. National standards are required.
The IFRS for SMEs Standard is under consideration No.
Last updated:
16 June 2016
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