CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. International Accounting Standards Widely Used: IFRS

International Accounting Standards Widely Used: IFRS

by Glen Shapiro, Tax-News.com, New York

28 July 2016


The IASB, responsible for International Financial Reporting Standards (IFRS), and the IFRS Foundation that oversees its work, have estimated that more than 25,000 of the approximately 48,000 domestic listed companies on the 85 major securities exchanges in the world use its accounting standards.

Providing an update on the progress of the adoption of the international accounting standards around the world, it is also said that, of those domestic listed companies that do not use IFRS, over 80 percent (almost 14,900 out of 18,550) are listed in China, India, Japan, and the United States.

In addition, of the approximately 2,500 foreign listed companies on the 85 major securities exchanges, it is known that more than 1,000 use IFRS. The Foundation is working to develop better data on the other cross-border listings.

TAGS: business | accounting | stock exchanges | international financial reporting standards (IFRS) | financial reporting | standards

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »