Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick Companies whose securities trade in a public market are required to use the 2008 version of IFRS Standards with a modification related to general-price-level adjustments.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies tick Required.
The IFRS for SMEs Standard is required or permitted tick All SMEs are required to use the IFRS for SMEs Standard, other than SMEs in the oil, energy, and mining industries, which are required to use full IFRS Standards as adopted in Venezuela.
The IFRS for SMEs Standard is under consideration
Last updated:
16 June 2016
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