Question

list of countries that have adopted IFRS with their legal systems

list of countries that have adopted IFRS with their legal systems

Homework Answers

Answer #1

World wide approx. 120 countries and reporting juridictions have permit or require compliance of IFRS for their domestic listed companies. Approx 90 countries have fully conformed with IFRS as established by the IASB and includes a statement acknowledging such conformity in audit reports.

Countries who has adopted IFRS are :

Europian Union (Total 28 Countries)

Gulf contries - Bahrain, Kuwait, Oman, Qatar, Saudi Arab, UAE

United States

South Koria

India

Hong Kong

China

Australiya

Malasiya

Russia

Pakistan

Chilie

Philippnins

South Africa

Singapore

Turkey

Brazil

Canada

Ghana

Japan

Montenegro

Nepal

Taiwan

Zimbabwe etc.

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