IFRS Foundation and Yemen sign licensing agreement

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22 Nov 2016

IFRS Foundation and Yemen have signed a licensing agreement which allows the Yemen Association of Certified Public Accountants the rights to publish the official Arabic translation of IFRS Standards and the IFRS for SMEs within its jurisdiction.

Currently in Yemen, IFRS is required by all banking institution and large and medium-sized companies. All other companies are permitted to use IFRS. The licensing agreement is considered an important step towards incorporating IFRS into Yemen’s legal framework.

For more information, see our Yemen jurisdiction page.

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