Afghanistan Image

Financial reporting framework in Afghanistan

There is currently no stock exchange in Afghnaistan. However, as set out in the Corporations and Limited Liability Companies Law and the Law of Banking, all companies other than micro-sized companies are required to use IFRS as issued by the IASB. The IFRS for SMEs is not currently adopted for use in Afghanistan. Micro-sized companies are permitted to use a cash basis of accounting.

In addition, the Central Bank Law requires all banks to use IFRS. 

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.