Use of IFRSs in Samoa
30 May 2007
We have added a Country Page for Samoa.
Samoa does not have an accounting law or a statutory requirement for all companies to publish financial statements. Nor are there Samoan accounting standards. The Samoa Institute of Accountants requires companies that are audited to follow either IFRSs or another internationally accepted accounting framework such as US GAAP. In most cases, companies report under IFRSs. The Institute also requires the use of International Standards on Auditing.