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Haiti

National professional body: Ordre des Comptables Professionnels Agrees d'Haiti
Response to IFAC Member Body Survey on Standard Setting and Regulation
World Bank ROSC Accounting and Auditing Report

Financial Reporting Framework in Haiti

The law requires all non-financial industrial, commercial, and agricultural enterprises to follow the 'Plan Comptable' (national accounting plan, known as the PCN). That plan simply states that companies should follow internationally accepted accounting norms, but it does not bring either the full or partial text of individual IFRSs into the law. The PCN is a completely historical cost based accounting model. The PCN does not include detailed guidance for recognising and measuring assets, liabilities, income, and expenses. All non-financial industrial, commercial, and agricultural enterprises with assets greater than approximately US$35,000 must prepare financial statements and submit them to the tax authorities within 90 days after the end of the financial year.

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