Information on the financial reporting framework in Iran added to IAS Plus

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26 Sep 2016

We have set up a new jurisdiction page for Iran on IAS Plus. Currently, Iranian companies have to apply Iran GAAP. However, a plan has been approved that the 100 largest listed companies in Iran and all banks will have to present IFRS financial statements for the fiscal year ending on 21 March 2017; all other listed companies are expected to present IFRS financial statements in 2018.

For more information and links to accountancy associations and groups and the dedicated IFRS website of the Iranian Securities and Exchange Organisation (SEO), please see our new jurisdiction page for Iran.

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