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Financial Reporting Framework in Suriname

IFRSs Are Permitted for All Companies in Suriname

Suriname does not have any legislation on accounting principles or financial statements. The local exchange also does not prescribe a specific set of accounting principles to be used by its listed companies. Therefore, IFRSs are not mandatory for any of the local companies, listed or not listed. A company is, however, free to use IFRSs as the basis for preparing its financial statements.

Suriname Government Is Considering Requiring IFRSs

In June 2010, the govenment of Suriname is deliberating a new accountancy law that would require the IFRS for SMEs for large and medium-sized unlisted companies and any other unlisted company whose financial statements are audited. Full IFRSs would be required for listed companies. The proposed law is supported by the Association of Accountants of Suriname.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.