This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Unlisted companies in Lithuania may use IFRSs

  • Italy (old) Image

17 Dec 2008

The Law on Financial Statements of Entities of the Republic of Lithuania was amended on 26 June 2008 to permit unlisted companies to choose to prepare their financial statements using IFRSs.

Alternatively, unlisted entities may use Business Accounting Standards (Lithuanian national standards). Once an entity has made its choice, it may not change for five years (unless the entity joins a group of entities). Our comprehensive table on use of IFRSs is here.


Related Topics

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.