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Jamaica

Financial Reporting Framework in Jamaica

IFRSs

The Institute of Chartered Accountants of Jamaica has adopted International Accounting Standards and International Standards on Auditing as Jamaica's national standards effective 1 July 2002.

IFRS for SMEs

The Institute of Chartered Accountants of Jamaica has adopted the IFRS for SMEs for all companies without public accountability starting 1 January 2011, except for companies that (a) elect to use full IFRSs or (b) are government owned. 'Government-owned entities' are those subject to The Public Bodies Management and Accountability Act.

Related news

  • More than 70 jurisdictions apply ISAs

  • Jul 11, 2011

  • On June 30 2011, Prof. Arnold Schilder, the Chairman of the IAASB, delivered a speech on global progress in the use of the Clarified International Standards on Auditing (ISAs) at the 2011 annual conference on Accounting and Accountability for Regional Economic Growth in Latin America and the Caribbean (referred to as CReCER after its Spanish/Portuguese acronym).

  • IFRS for SMEs news

  • Feb 04, 2011

  • The IFRS Foundations staff has made the following information relating to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) available:

  • Jamaica adopts IAS and ISAs effective 1 July 2002

  • Dec 03, 2001

  • The Institute of Chartered Accountants of Jamaica has adopted International Accounting Standards and International Standards on Auditing as Jamaica's national standards effective 1 July 2002.

All Related