Steps Taken to Adopt and Implement IFRS in 

Iran’s Capital Market

 By mahdi Goodarzi & Mojde Rezaee

Introduction

Preparing a suitable environment for local businesses along with creating transparency for earning foreign investors’ trust is a necessity, which will be encouraged and accelerated by adopting and implementing IFRS.

“Attracting foreign investment” is a key term in getting the most out of opportunities unveiled after sanctions removal such that policy makers have assumed it to contribute to a 22% share in the 6^th Development Plan bill for reaching the estimated 8% economic growth in the next year. What makes the realization of this goal hit the rocks, however, is the lack of required infrastructures for absorbing foreign investment. The latest credit rating done by the Transparency International shows Iran in the 130^th place; although up by 6 steps, it still indicates the improper place of the country. Low rating along with un-transparent information on companies and economic activities has turned Iran into a high-risk investment destination.

Iran’s Capital Market to Grow New Skin

By Mahdi Goodarzi & Mojde Rezaee

Introduction

Since the JCPOA was hit, Iran’s economy, and therefore, Iran’s capital market have entered a new phase. Calling this market as one of the highest yielding emerging markets in the world, the head of Securities and Exchange Organization of Iran (SEO) assured investors, both domestic and foreign, that attempts are to uplift Iran’s capital market, providing the necessary foundations and infrastructures.