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Our table of use of IFRSs by jurisdiction is expanded

Oct 02, 2007

We have expanded our Table that Shows the Use of IFRSs by Jurisdiction for domestic listed companies and for domestic unlisted companies.

The expansion includes a column that indicates whether the audit report and basis of presentation note refer to IFRSs without qualification or whether they refer to IFRSs as adopted by the local jurisdiction or to local GAAP. We have also added grand totals of the various columns:

Grand Totals for Listed Companies

Information, to the best of our knowledge, for 140 jurisdictions:

  • IFRSs not permitted — 32 jurisdictions
  • IFRSs permitted — 26 jurisdictions
  • IFRSs required for some companies — 3 jurisdictions
  • IFRSs required for all companies — 79 jurisdictions
Of the 108 jurisdictions (26 + 3 + 79) that permit or require IFRSs:
  • In 73 jurisdictions the audit report refers to conformity with IFRSs
  • In 32 jurisdictions the audit report refers to local GAAP or to IFRSs as adopted in the jurisdiction
  • In 1 jurisdiction the audit report for some companies refers to local GAAP and for other companies it refers to IFRSs
  • For 2 jurisdictions we do not have this information

Grand Totals for Unlsted Companies

  • IFRSs not permitted — 41 jurisdictions
  • IFRSs permitted — 40 jurisdictions
  • IFRSs required for some companies — 17 jurisdictions
  • IFRSs required for all companies — 24 jurisdictions