Ifrs applicability

One of my client which is unlisted pvt company want to impliment IFRS .Can it do so? and what are the minimum requirement for IFRS?

Replies (4)

I think that your client wants to prepare the IFRS financial statement for some transaction (like selling stake to PE or foreign commpany). Your client can prepare general purpose or special purpose IFRS financial statements as required under your case. There is nothing like minimum requirements for preparing the IFRS financial statements.

Dear Suhag,

Many public / private companies are already complying with IFRSs. There is no such minimum requirement to apply IFRS standards.

Thanks!

Originally posted by : suhag
One of my client which is unlisted pvt company want to impliment IFRS .Can it do so? and what are the minimum requirement for IFRS?

Dear Suhag, Many public / private companies are already complying with IFRSs. There is no such minimum requirement to apply IFRS standards. Thanks! smiley
Even you can know more about Exam Results here.

Originally posted by : suhag
One of my client which is unlisted pvt company want to impliment IFRS .Can it do so? and what are the minimum requirement for IFRS?

Dear Suhag, Many public / private companies are already complying with IFRSs. There is no such minimum requirement to apply IFRS standards. Thanks! 
 

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