This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Uruguay

Financial Reporting Framework in Uruguay

Adoption of IFRSs in Uruguay

A governmental decree (#266/07) requires that all companies must follow those IFRSs in existence at 31 July 2007. Additional, there a few additional local standards, most notably the mandatory inflation adjustment for companies within a certain criteria. The auditor's report refers to conformity with Uruguayan GAAP because of the 31 July 2007 cut-off.

 

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).

All Related