Uruguay requires IFRSs
22 Mar 2006
We have created a new Country Page for Uruguay.
Two governmental decrees – 2004 #162/004 and 2005 #90/005 – require that all Uruguayan companies must follow those IFRSs in existence at 19 May 2004. The auditor's report refers to conformity with Uruguayan GAAP because of the 19 May 2004 cut-off. We have updated our List of Jurisdictions Using IFRSs accordingly.