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Worldwide adoption of IFRS

The adoption of International Financial Reporting Standards and plans for convergence or harmonisation differ widely by jurisdiction. Find out more with articles, books and online resources providing quick links to global surveys and information by country.

What's on this page?

  • Surveys
  • IFRS adoption in the EU
  • Resources by country
  • Online articles
  • Articles and books from the Library

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Surveys

Who uses IFRS Standards?
Information from the IFRS Foundation on use of IFRS by jurisdiction and statistics on IFRS adoption around the world. Jurisdiction profiles show reporting and filing requirements, and notes on the relevant jurisdictional authority.

IFRS adoption by country
Summaries by country produced by PwC, updated annually.

Use of IFRS by Jurisdiction
The IAS Plus website from Deloitte publishes a country-by-country listing that shows whether domestic listed companies and domestic unlisted companies are permitted to use IFRS. Further information on the general implementation of IFRS country-by-country is also available.

IFRS adoption in the EU

On 19 July 2002 a regulation was passed by the European Parliament and the European Council of Ministers requiring the adoption of IFRS: Regulation (EC)No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards. As a result of the Regulation, all EU listed companies were required to prepare their financial statements following IFRS from 2005.

Useful sources of information

EFRAG endorsement
Notes and links to the latest Endorsement Status Reports issued by the European Financial Reporting Advisory Group. They reports list all IFRS, amendments to IFRS and IFRS Interpretations that have been endorsed in the EU, along with the dates when they became effective.

IFRS in Europe
Background information produced by Deloitte's IAS Plus about the use of IFRS in Europe and the bodies involved in financial reporting in the region.

EU implementation of IFRS and the Fair Value Directive 
Report published by the ICAEW for the European Commission which evaluates the application of IFRS across the European Union and gives a detailed review of financial statements for 200 companies drawn from across 25 EU member states.

Resources by country

Use our accounting by country section to find information on adoption by specific jurisdictions.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

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