Kazakhstan
- National professional accountancy organisation websites:
- Response to IFAC Member Body Survey on Standard Setting and Regulation
- Participant in the Asian-Oceanian Standard-Setters Group (AOSSG)
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.