Browse Profiles > Syria > International Financial Reporting Standards
  Score Rank
Standards Compliance Index 4.17 out of 100 81
Business Indicator Index 3.91 out of 12 77
Syria

International Financial Reporting Standards

Summary
There is insufficient publicly available information as to Syria's compliance with International Financial Reporting Standards promulgated by the International Accounting Standards Board.

    General Overview

    Deloitte & Touche's IAS Plus website indicates that the use of International Financial Reporting Standards (IFRSs) is not permitted for domestic listed companies in the Syrian Arab Republic. Syria is not listed as a member on the International Federation of Accountants website. There is no further information publicly available as to Syria's compliance with IFRSs promulgated by the International Accounting Standards Board.


    The Principles

    IFRS 1: First-time Adoption of International Financial Reporting Standards (effective 2006)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IFRS 2: Share-based Payment (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IFRS 3: Business Combinations (effective 2004)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IFRS 4: Insurance Contracts (effective 2006)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IFRS 5: Non-current Assets Held for Sale and Discontinued Operations (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IFRS 6: Exploration for and Evaluation of Mineral Resources (effective 2006)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IFRS 7: Financial Instruments: Disclosures (effective 2007)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 1: Presentation of Financial Statements (effective 2007)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 2: Inventories (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 7: Cash Flow Statements (effective 1994)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 8: Accounting Policies, Changes in Accounting Estimates and Errors (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 10: Events after the Reporting Period (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 11: Construction Contracts (effective 1995)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 12: Income Taxes (effective 2001)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 14: Segment Reporting (effective 1998)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 16: Property, Plant and Equipment (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 17: Leases (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 18: Revenue (effective 1995)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 19: Employee Benefits (effective 2006)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 20: Accounting for Government Grants and Disclosure of Government Assistance (effective 1984)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 21: The Effects of Changes in Foreign Exchange Rates (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 23: Borrowing Costs (effective 1995)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 24: Related Party Disclosures (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 26: Accounting and Reporting by Retirement Benefit Plans (effective 1998)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 27: Consolidated and Separate Financial Statements (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 28: Investments in Associates (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 29: Financial Reporting in Hyperinflationary Economies (effective 1990)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 31: Interests in Joint Ventures (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 32: Financial Instruments: Disclosure and Presentation (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 33: Earnings per Share (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 34: Interim Financial Reporting (effective 1999)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 36: Impairment of Assets (effective 2004)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 37: Provisions, Contingent Liabilities and Contingent Assets (effective 1999)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 38: Intangible Assets (effective 2004)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 39: Financial Instruments: Recognition and Measurement (effective 2006)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 40: Investment Property (effective 2005)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    IAS 41: Agriculture (effective 2003)

    There is insufficient publicly available information as to Syria's compliance with this principle.

    Jump to other standards


    Sources of Assessment

    Arab Society of Certified Accountants (ASCA)

    Association of Certified Accountants of Syria (ASCASY)

    Ministry of Economy and Trade (MOET)

    Relevant Organizations

    Arab Society of Certified Accountants (ASCA)

    Association of Certified Accountants of Syria (ASCASY)

    Ministry of Economy and Trade (MOET)



    Relevant Legislation/Regulation

    Investment Law No. 10, 1991



    Supplementary Sources

    Deloitte & Touche Tohmatsu IAS Plus website. Accessed on September 2, 2008. (Deloitte IAS Plus website)

    International Federation of Accountants website. Accessed on September 3, 2008. (IFAC website)
    ©  Copyright 2008 Financial Standards Foundation. All Rights Reserved. Terms of Use | Contact