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Financial Reporting Framework in Bahamas

All companies listed on the Bahamas International Securities Exchange are required to prepare annual and quarterly financial statements in conformity with IFRSs.

The Council of the Bahamas Institute of Chartered Accountants (the regulatory body for the accounting profession in the Bahamas) has adopted the IFRS for SMEs as an option for all companies in Bahamas that do not have public accountability. Alternatively, the companies may choose to use full IFRSs.

Related news

  • More than 70 jurisdictions apply ISAs

  • Jul 11, 2011

  • On June 30 2011, Prof. Arnold Schilder, the Chairman of the IAASB, delivered a speech on global progress in the use of the Clarified International Standards on Auditing (ISAs) at the 2011 annual conference on Accounting and Accountability for Regional Economic Growth in Latin America and the Caribbean (referred to as CReCER after its Spanish/Portuguese acronym).

  • IFRS for SMEs news

  • Jan 07, 2011

  • Following our earlier reports of Argentina and Panama adopting the IFRS for SMEs, more news concerning the IFRS for SMEs is available: