IFRS framework on Tehran Stock Exchange!
Just days after the Central Bank announcement obliging all listed and non-listed banks and financial institutions to present their financial statements with regards to IFRS standards, today the deputy exchanges supervision, Hossein Amiri, drew the outlines for all issuers on Tehran Stock Exchange. The new statements are to be out with an eye on IFRS standards no longer than 6 months after the release of their locally audited ones for the current fiscal year. International financials shall be audited and in Persian. Publishing the English IFRS statements are optional for Tehran Stock Exchange issuers. It is worth mentioning that the decision making criterion on annual general meetings would be based on local financial statements.