Guatemala
- National Professional Accountancy Organisation: Instituto Guatemalteco de Contadores Publicos y Auditores
Financial Reporting Framework in Guatemala
Guatemala fully adopts IFRS
The Guatemala Institute of Public Accountants and Auditors has fully adopted IFRSs as issued by the IASB, including future amendments and new standards, effective 2008. Click for Resolution (PDF 16k, Spanish).
IFRS for SMEs
In December 2010, the Guatemalan Institute of Public Accountants and Auditors approved the adoption of the IFRS for SMEs for fiscal years beginning on or after of 1 January 2011.