SEO
Home / News

IFRS Standards: Compulsory for Companies

IFRS Standards: Compulsory for Companies

To maintain more stability and transparency in the capital market and to get more harmonized with international standards, the SEO’s board of directors mandated that the big listed companies in the capital market shall publish their statements based on IFRS.

This paramount step will be consummated piecemeal, namely, firstly big companies are obliged to publish their financial statements based on IFRS and then the entire listed companies will be required to publish their statements in IFRS.