Financial Reporting Framework in Kosovo

  • Kosovo Image

31 Jul 2010

We have created a new Jurisdiction Page for Kosovo on IAS Plus.

In Kosovo, the Law requires all corporations (except "small corporations"), publicly-owned enterprises, and socially-owned enterprises to prepare their financial statements in conformity with Kosovo Accounting Standards (KAS) or IFRS. Banks and insurance companies are required to prepare financial statements in compliance with IFRS and the accounting requirements set forth by the Banking and Payments Authority of Kosovo (BPK). However, since no mechanism currently exists for enforcing compliance with accounting and financial reporting requirements there is widespread non-compliance with both IFRS and KAS.

Click for Jurisdiction Page.

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.