Financial Reporting Framework in Namibia (May 2005 Update)
Namibia adopts IFRSs
All domestic listed companies in Namibia are required to comply with IFRSs effective 1 January 2005 under the requirements of the Namibian Stock Exchange Act. Unlisted Namibian companies have the option to use IFRSs or Namibian GAAP. Namibia is working to harmonise national GAAP with IFRSs by 31 December 2007.
