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The Pocket Guide is an updated version of the guide published in 2014 and adds information on an additional eight jurisdictions. The summaries are condensed versions of the full Jurisdiction Profiles, which are available on the ifrs.org website, and provide a snapshot of where and how IFRS is used globally.
Of the 138 jurisdictions surveyed to date, 114 require use of IFRS for all or most domestic listed companies and banks. Only 10 do not require or permit IFRS.
In addition to the Jurisdiction Profile summaries, the Pocket Guide also summarises what IFRS is; the benefits of global accounting standards; the history of the development of IFRS; the standard-setting process; the requirements of current IFRSs; and links to further information resources.
Hans Hoogervorst, Chairman of the International Accounting Standards Board, commented:
“International Financial Reporting Standards bring transparency, accountability and efficiency to global financial markets. In the 14 years since the IFRS Foundation and the IASB were created, we have been successful not only in developing those Standards but also in promoting their adoption around the world. The 2015Pocket Guide documents the remarkable progress we have made toward a single set of truly global accounting standards.”