IFRS adoptio country IFRS adoption by country adoption by - PwC

268 Pages·2011·1.37 MB·English

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TheinformationwithinsummarizesdatacollectedfromvarioussourcesduringMarch
2011(*)regardingtheuseof,orconversionplansto,InternationalFinancialReporting
Standardsbydomesticlistedandunlistedcompaniesbycountry/territory.
Theinformationissummarizedforillustrativepurposesonlyandisnotacompleteor
exhaustiveassessmentoflocalrulesandregulations.Thisinformationhasbeenprovided
forgeneralguidance,anddoesnotconstituteprofessionaladvice.Youshouldnotact
upontheinformationcontainedinthismaterialwithoutobtainingspecificprofessional
advice.Norepresentationorwarranty(expressorimplied)isgivenastotheaccuracyor
completenessoftheinformationcontainedinthismaterialand,totheextentpermitted
bylaw,PricewaterhouseCoopersLLP,itsmembers,employeesandagentsdonotaccept
orassumeanyliability,responsibilityordutyofcareforanyconsequencesofyouor
anyoneelseacting,orrefrainingtoact,inrelianceontheinformationcontainedinthis
materialorforanydecisionbasedonit.
NorthAmerica Asia
Africa
America
Oceana
Countriesareclassifiedaccordingtopoliticalcriteria,usingthegeoschemecreatedbythe
UnitedNationsStatisticsDivision.
(*)AlldataisbasedonthesurveyconductedinMarch2011unlessotherwisestated.
Table of contents
NorthAmerica.....................................................................................................................1
AntiguaandBarbuda..................................................................................................1
Aruba.............................................................................................................................3
Bahamas......................................................................................................................4
Barbados......................................................................................................................6
Bermuda........................................................................................................................7
Canada.........................................................................................................................8
CaymanIslands..........................................................................................................11
CostaRica...................................................................................................................12
DominicanRepublic...................................................................................................14
DutchCaribbean.........................................................................................................16
ElSalvador..................................................................................................................17
Guatemala...................................................................................................................19
Honduras...................................................................................................................20
Jamaica......................................................................................................................22
Mexico........................................................................................................................24
Nicaragua..................................................................................................................26
Panama.......................................................................................................................27
St.KittsandNevis.....................................................................................................29
St.Lucia.......................................................................................................................31
TrinidadandTobago................................................................................................32
UnitedStates..............................................................................................................34
SouthAmerica...................................................................................................................36
Argentina...................................................................................................................36
Bolivia........................................................................................................................38
Brazil..........................................................................................................................40
Chile............................................................................................................................42
Colombia....................................................................................................................44
Ecuador......................................................................................................................46
Paraguay...................................................................................................................48
Peru............................................................................................................................49
Uruguay......................................................................................................................51
Venezuela....................................................................................................................53
Europe................................................................................................................................55
Albania........................................................................................................................55
Austria.........................................................................................................................57
Belarus.......................................................................................................................59
Belgium......................................................................................................................60
BosniaandHerzegovina...........................................................................................62
Bulgaria.....................................................................................................................64
Cyprus........................................................................................................................66
CzechRepublic...........................................................................................................68
Denmark....................................................................................................................70
Estonia.........................................................................................................................72
Finland........................................................................................................................74
France..........................................................................................................................76
Georgia........................................................................................................................77
Germany.....................................................................................................................79
Greece..........................................................................................................................81
Greenland...................................................................................................................83
Hungary.....................................................................................................................85
Iceland........................................................................................................................87
Ireland........................................................................................................................89
IsleofMan...................................................................................................................91
Italy............................................................................................................................92
Latvia.........................................................................................................................94
Kosovo........................................................................................................................96
Lithuania....................................................................................................................98
Luxembourg.............................................................................................................100
Macedonia.................................................................................................................102
Malta.........................................................................................................................104
Moldova....................................................................................................................106
Montenegro .............................................................................................................108
Netherlands...............................................................................................................110
Norway.....................................................................................................................112
Poland........................................................................................................................114
Portugal.....................................................................................................................116
Romania....................................................................................................................118
RussianFederation..................................................................................................120
Serbia........................................................................................................................122
SlovakRepublic........................................................................................................124
Slovenia.....................................................................................................................126
Spain..........................................................................................................................128
Sweden......................................................................................................................130
Switzerland...............................................................................................................132
Ukraine......................................................................................................................134
UnitedKingdom.......................................................................................................136
Asia...................................................................................................................................138
Afghanistan...............................................................................................................138
Armenia.....................................................................................................................139
Azerbaijan.................................................................................................................141
Bahrain.....................................................................................................................143
China.........................................................................................................................144
HongKong................................................................................................................146
India..........................................................................................................................148
Indonesia...................................................................................................................151
Israel..........................................................................................................................153
Japan.........................................................................................................................155
Jordan.......................................................................................................................157
Kazakhstan...............................................................................................................158
Korea(RepublicofKorea).......................................................................................160
Kuwait.......................................................................................................................162
KyrgyzRepublic.......................................................................................................163
Lebanon.....................................................................................................................165
MacaoSpecialAdministrativeRegion...................................................................167
Malaysia....................................................................................................................169
Mongolia...................................................................................................................171
Oman.........................................................................................................................173
Pakistan....................................................................................................................175
Philippines.................................................................................................................177
Qatar.........................................................................................................................181
SaudiArabia.............................................................................................................183
Singapore..................................................................................................................185
SriLanka...................................................................................................................187
Taiwan......................................................................................................................189
Thailand ...................................................................................................................191
Turkey.......................................................................................................................193
UnitedArabEmirates..............................................................................................195
Uzbekistan.................................................................................................................197
Vietnam.....................................................................................................................199
WestBank/Gaza.......................................................................................................201
Africa...............................................................................................................................202
Algeria......................................................................................................................202
Angola......................................................................................................................204
Botswana.................................................................................................................205
Cameroon ................................................................................................................207
Chad.........................................................................................................................209
CoteD'Ivoire.............................................................................................................211
DemocraticRepublicofCongo................................................................................213
Egypt.........................................................................................................................214
EquatorialGuinea....................................................................................................216
Gabon........................................................................................................................218
Ghana........................................................................................................................219
GuineaConakry........................................................................................................221
Kenya........................................................................................................................222
Libya.........................................................................................................................224
Madagascar.............................................................................................................225
Malawi.....................................................................................................................226
Mauritius..................................................................................................................228
Morocco....................................................................................................................230
Mozambique.............................................................................................................232
Namibia....................................................................................................................234
Nigeria.....................................................................................................................235
RepublicofCongo.....................................................................................................237
Senegal.....................................................................................................................239
SouthAfrica.............................................................................................................240
Swaziland.................................................................................................................242
Tanzania..................................................................................................................244
Tunisia......................................................................................................................245
Uganda.....................................................................................................................247
Zambia.....................................................................................................................248
Zimbabwe.................................................................................................................250
Oceana.............................................................................................................................252
Australia...................................................................................................................252
FrenchPolynesia.....................................................................................................255
NewCaledonia.........................................................................................................256
NewZealand.............................................................................................................257
North America
Antigua and Barbuda
Local stock exchange
Eastern Caribbean securities exchange
http://www.ecseonline.com/
Rulesforlistedfilings
IFRSrequiredorpermittedforlistedcompanies?
Permittedforconsolidatedandstandalone/separatefinancialstatements
VersionofIFRS
IFRSaspublishedbytheIASB
Aresubsidiariesofforeigncompaniesorforeigncompanieslistedonlocal
exchangessubjecttodifferentrules?
No
Rulesforstatutoryfilings
IsIFRSorIFRSforSMEsrequired,permittedorprohibitedforstatutory
filings?
IFRSorIFRSforSMEsispermittedforconsolidatedandstandalone/separatefinancial
statements.
VersionofIFRS
IFRSorIFRSforSMEsaspublishedbytheIASB
InadditiontolocalGAAPstatutoryfinancialstatements,arethereanyother
regulatoryfinancialstatementrequirementsthatpermitorrequiretheuse
ofIFRS?
No
IFRSconversionplans
Plansforconverging
Notapplicable.IFRShasbeenadoptedbytheInstituteofCharteredAccountantsofthe
EasternCaribbeanaslocalGAAP.
Otherusefulwebsites
TheInstituteofCharteredAccountantsoftheEasternCaribbean
http://www.icaecab.org/
IFRSadoptionbycountry
PwC Page1