• National Professional Organisation: Ordre des Experts Comptables du Royaume du Maroc (Morocco Certified Public Accountants Association)
• World Bank ROSC Accounting and Auditing Report

Update for February 2009
Update for August 2006
Update for July 2005

Banks required to use IFRSs

The Central Bank of Morocco (Bank Al Maghrib) requires that all banks and similar financial institutions must use IFRS for the accounting periods starting 1 January 2008.

The Moroccan Stock Exchange Law requires all companies listed on the Casablanca Stock Exchange other than banks and similar financial institutions to choose between IFRSs and Moroccan GAAP.

August 2006: Central Bank is developing an IFRS regulation for financial institutions

Following consultation with the banking and finance industry, the Central Bank of Morocco (Bank Al Maghrib) is developing a regulation that is expected to require Moroccan banks and other financial institutions to prepare their 2008 consolidated financial statements using International Financial Reporting Standards.

Currently, the Moroccan Stock Exchange Law requires all companies listed on the Casablanca Stock Exchange other than banks and financial institutions to choose between IFRSs and Moroccan GAAP.

July 2005: IFRSs Are Permitted for Listed Companies other than Financial Institutions in Morocco

Under a revision to the Stock Exchange Law (Law 52-01) that took effect in May 2004, all companies listed on the Casablanca Stock Exchange with the exception of banks and other financial institutions have a choice of preparing their financial statements using International Financial Reporting Standards or Moroccan GAAP. Banks and other financial institutions must use Moroccan GAAP.