This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Updated roadmap for IFRS transition in Iran

  • Iran Image

16 Nov 2016

The Iranian Securities and Exchange Organisation (SEO) has updated the IFRS transition roadmap. The dates remain unchanged, but the list of companies coming under the new requirements has been refined and a dual reporting requirement has been added.

The new roadmap dated 15 November 2016 states that from fiscal years beginning on or after 21 March 2016 all banks, insurance companies, listed financial institutes, and all listed companies with registered capital of more than 10 trillion Iranian rial must prepare two sets of financial statements - one in accordance with IFRS and one in accordance with Iran GAAP. Both sets of financial statements must be audited.

Please click for more information on the Tehran Stock Exchange website.

Related Topics

    Jurisdictions

  • Iran

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.