Afghanistan
- National professional body: Da Afghanistan Bank
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.