All banks in Kazakhstan must use IFRSs
Oct 28, 2004
For several years, banks in Kazakhstan that chose to participate in that country's deposit insurance fund have been required to prepare financial statements using IFRSs as well as Kazakh reporting standards.
Starting in 2004, all banks are required to participate in the deposit insurance programme. Therefore, all Kazakh banks will prepare IFRS financial statements for 2004. Click to go to our Table of Country Use of IFRSs.