New IFRS publications from Deloitte Korea

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05 Nov 2007

In March 2007, the Korean Financial Supervisory Commission and the Korea Accounting Institute announced a plan for adopting Korean equivalents of International Financial Reporting Standards (K-IFRSs).

All listed companies will be required to prepare their annual financial statements under K-IFRSs beginning in 2011. Listed companies other than financial institutions will be permitted to do so beginning in 2009. Unlisted companies will be allowed to use K-IFRSs. To help clients and staff in the transition to K-IFRSs, Deloitte Korea has just issued four IFRS publications in the Korean language, as follows: Also, Deloitte Korea manages a Korean Language IFRS Website.

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