Public companies in Argentina will be required to adopt International Financial Reporting Standards starting in 2012.
The countrys National Securities Commission said the requirement would apply to all companies with publicly traded shares and bonds, according to Dow Jones Newswires.
Companies will have the option to begin voluntarily filing their financial statements in accordance with IFRS starting in January 2011.
Over 100 countries have either adopted or agreed to adopt IFRS, but the U.S. Securities and Exchange Commission has not yet approved the proposed roadmap to IFRS issued last year under the previous administration.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access