Ecuador will phase in IFRSs starting 2010
18 Feb 2009
Pursuant to Resolution No. 08.G.DSC (PDF 67k) issued by the Superintendent of Companies, Ecuador will require IFRSs for all companies, phased in as follows:
- Starting 1 January 2010: All companies subject to the regulations of the stock market and all external auditors.
- Starting 1 January 2011: All companies with assets greater than US$ 4,000,000 at 31 December 2007; holding companies and consolidated groups; state-owned entities; and foreign-invested entities.
- Starting 1 January 2012: All other companies.
Click to view Resolution No. 08.G.DSC (PDF 67k).