- National Professional Organisation Website: L'Ordre National Algerien des Experts Comptables, Des Commissaires aux Comptes, & des Comptables Agrees (in Arabic and in French)
Financial Reporting Framework in Algeria
Algeria does not have a stock exchange.
All business enterprises, public enterprises, quasi-public enterprises, cooperatives, and other ongoing commercial entities are required to prepare financial statements in accordance with Algerian accounting standards, with the exception of very small enterprises for which a simplified set of standards has been developed.
Algerian accounting standards (the Plan Comptable National, or PCN) are established by the Conseil National de la Comptabilite within the Ministry of Finance. In July 2006 the Ministry of Finance adopted a programme to revise the PCN based substantially on IFRSs, effective 1 January 2010. Click for Ministry of Finance Accounting Plan (PDF 557k). Companies currently prepare accounts using a statutory format published in 1975.