Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick No stock exchange. Banks and large taxable entities are required to use IFRS Standards.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies No stock exchange.
The IFRS for SMEs Standard is required or permitted tick The IFRS for SMEs Standard has been formally adopted. Implementation is determined by the Committee for Adoption and Implementation of International Standards (CAIIS).
The IFRS for SMEs Standard is under consideration
Last updated:
20 February 2020

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