Plan for adoption of IFRSs in Argentina
May 24, 2008
The Federacion Argentina de Consejos Profesionales de Ciencias Economicas (professional accountancy body in Argentina) has developed a plan for implementing International Financial Reporting Standards (IFRSs) for all companies whose securities are publicly traded.
The plan has been presented to the Argentinian Securities Commission, which would have to approve the plan. The plan calls for adoption of IFRSs in annual financial statements of public companies by first quarter 2011. Starting first quarter 2010, companies would have to disclose the expected impact of IFRSs on their operating results and equity. Click to Download the Argentina IFRS Plan (PDF 313k in Spanish).
