This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Uruguay

Financial Reporting Framework in Uruguay

Adoption of IFRSs in Uruguay

A governmental decree (#266/07) requires that all companies must follow those IFRSs in existence at 31 July 2007. Additional, there a few additional local standards, most notably the mandatory inflation adjustment for companies within a certain criteria. The auditor's report refers to conformity with Uruguayan GAAP because of the 31 July 2007 cut-off.