Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick IFRS required for listed companies, financial institutions, and some others.
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 Full IFRS Standards are required not only for listed companies and financial institutions but also for companies whose articles of incorporation provide for unrestricted transfer of shares or potential future public listing as well as for some other non-public companies. All other SMEs are permitted to use the IFRS for SMEs Standard.
The IFRS for SMEs Standard is under consideration
Last updated:
30 August 2016

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