IFRS Foundation adds 4 new jurisdiction profiles on the use of IFRS around the world

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07 Sep 2016

The IFRS Foundation has added 4 new jurisdiction profiles on the use of IFRS, bringing the total number of profiles completed to 147 jurisdictions.

The following four new ju­ris­dic­tion profiles were added:

  • Liberia — Adopted IFRS and the IFRS for SMEs; effective 31 December 2018, early application encouraged.
  • Malawi — Adopted IFRS for companies with public accountability and the IFRS for SMEs for companies with nonpublic accountability.
  • Namibia — Requires IFRS for all public interest entities and permits the use of the IFRS for SMEs for entities without public accountability.
  • Timor-Leste — Permits the use of IFRS and is developing its own standards based off of IFRS.

The profiles and analyses are available through the press release on the IASB's website.

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