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Financial reporting in Bhutan

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05 Oct 2004

The Companies Act of Bhutan (2000) states that listed companies must present their financial statements in compliance with GAAP.

Whilst there is no defined Bhutanese GAAP, the provision of the Companies Act is usually construed to mean India GAAP, to which Bhutan is closely linked. Listed companies in Bhutan are therefore not permitted to apply IFRSs directly. We have updated our Table of Country Use of IFRSs accordingly.

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.