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Financial reporting framework in Kazakhstan

Kazakh companies other than banks

Since 1 January 2005, IFRSs have been required for all listed companies.

Since 1 January 2006, IFRSs have been required for other companies with significant public interest, including large unlisted companies, extractive industry companies and companies with Governmental ownership.

In addition, large SMEs must use full IFRSs, medium-sized SMEs have a choice between full IFRSs and the IFRS for SMEs Standard, and small SMEs have an added choice of a national standard developed by the Kazakh Ministry of Finance.

Kazakh banks

Some banks and financial institutions in Kazakhstan were required to implement IFRSs beginning in 2003. Since 2004, all banks have been required to prepare IFRS financial statements.

Foreign listed companies

Foreign listed companies have a choice between full IFRSs and US GAAP.


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.