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Eight new jurisdiction profiles on the use of IFRS around the world

 25 September 2014

The IFRS Foundation has posted on its website eight new profiles on the use of IFRS, bringing the total number of profiles available to 138. The new profiles cover Afghanistan, Angola, Armenia, Belize, Guyana, Peru, Philippines, and Vietnam.

Access the jurisdiction profiles.

Of the 138 jurisdictions for which profiles are posted, 114 jurisdictions (82 per cent) require IFRS for all or most domestic publicly accountable entities in their capital markets, while a further 12 jurisdictions permit the use of IFRS. Two others require IFRS for financial institutions but not for listed companies. One jurisdiction is in process of adopting IFRS in full. One is in process of converging its national standards substantially (but not entirely) with IFRS. Only 8 jurisdictions neither require nor permit the use of IFRS by domestic companies.

Hans Hoogervorst, chairman of the IASB, commented:

"These additional profiles provide further evidence that IFRS has become the de facto global standard of financial reporting, bringing transparency and efficiency to capital markets around the world."



Press enquiries:

Mark Byatt, Director of Communications and External Affairs, IFRS Foundation
Telephone: +44 (0)20 7246 6472

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