International Financial Reporting Standards (IFRS) are designed to create a single set of high-quality financial reporting standards.
This initiative is intended to provide a central source of information that permits interested parties to chart jurisdictional progress towards the achievement of that goal.
The graphic uses lights to show the progress globally.
| Country | Status | Version |
| Canada | Required for listed companies from 1 January 2011 | IFRS as published by IASB |
| Mexico | Required for adoption from 31 December 2012 | IFRS as published by IASB |
| USA | IFRS is not required for listed companies | N/A |
| Brazil | Since 2010 required for listed companies prepared in accordance with both IFRS and CPC (new Brazilian GAAP) | IFRS as published by IASB |
| France | Required for consolidated financial statements since 2005 | IFRS as adopted by the EU |
| Germany | Required for consolidated financial statements since 2005 | IFRS as adopted by the EU |
| UK | Required for consolidated financial statements since 2005 | IFRS as adopted by the EU |
| Italy | Required for consolidated financial statements since 2005 | IFRS as adopted by the EU |
| Russia | Required for consolidated financial statements of listed companies and standalone statements of listed companies with no subsidiaries | IFRS as published by IASB |
| China | None, however CAS (Chinese Accounting Standards) have substantively converged with IFRS. However, it is not a direct translation of IFRS, rather the principles of IFRS are re-written into a format that is easily understandable to the Chinese reader | N/A |
| India | Listed companies have a choice between Indian GAAP or IFRS | IRFS as published by IASB |
| Japan | Permitted from 2010 for a number of international companies | |
| South Africa | Required for listed entities since 2005 | IRFS as published by IASB |
| Australia | Required for all private sector reporting entities and as the basis for public sector since 2005 | IFRS as adopted locally |
