IFRSs required for some companies in Eritrea

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19 Jan 2009

We have added a new country page for Eritrea and we have updated our page on Use of IFRSs by Jurisdiction.

The accounting framework in Eritrea is as follows:
  • Listed companies: There is no stock exchange in Eritrea.
  • Unlisted companies: IFRSs are required for:
    • Government-owned enterprises,
    • newly privatised companies (large taxpayers, or 'LTOs'),
    • banks, and
    • insurance companies.

 

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