The IFRS Foundation has published the 2015 edition of IFRS as Global Standards: a Pocket Guide, providing a summary of the use of International Financial Reporting Standards (IFRS) in 114 jurisdictions worldwide which require IFRS reporting
The Pocket Guide is an updated version of the guide published in 2014 and adds information on an additional eight jurisdictions. The summaries are condensed versions of the full Jurisdiction Profiles, which are available on the www.ifrs.org website, and provide a snapshot of where and how IFRS is used globally.
Of the 138 jurisdictions surveyed to date, 114 require use of IFRS for all or most domestic listed companies and banks. Only 10 do not require or permit IFRS.
Hans Hoogervorst, chairman of the International Accounting Standards Board (IASB), said: ‘International Financial Reporting Standards bring transparency, accountability and efficiency to global financial markets. In the 14 years since the IFRS Foundation and the IASB were created, we have been successful not only in developing those standards but also in promoting their adoption around the world.’
A PDF of the Pocket Guide can be downloaded from the IFRS Foundation’s website here, and the full Jurisdiction Profiles can also be accessed here.