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