IFRS adoption by country
International Financial Reporting Standards (IFRS) were adopted by the European Union in 2005 for all public listed companies. The standards cover a range of topics in financial statement preparation, from relatively simple issues such as Non-Current Assets to complex issues such as pension funds (see www.ifrs.org for a summary of all standards). However, the standards can also be used for the preparation of accounts of other entities. The use varies by country (EU and globally), so here is a very useful map prepared by PWC. Simply click on a country to see how the IFRS are used.