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Venezuela has adopted the IFRS for SMEs

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05 Mar 2010

The Federación de Colegios de Contadores Públicos de Venezuela (FCCPV, the professional accountancy organisation in Venezuela) has adopted the IFRS for SMEs for all SMEs in Venezuela.

Use of the IFRS for SMEs is voluntary for financial statements for the year ending 31 December 2010, and will become mandatory for the year ending 31 December 2011. Here is the FCCPV Website (in Spanish).


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