Keywords: Mazars, Thailand, IFRS, PAEs, GDP
19 May 2016
According to its analysis, jurisdictions that require IFRS for all Publicly Accountable Entities (PAEs) represent nearly 50% of world GDP. Jurisdictions that permit the use of IFRS for at least some PAEs account for a further 10%.
Jurisdictions that do not permit the use of IFRS for any domestic PAEs represent 39% of world GDP. China and the United States account for 94% of this.
The analysis is available online here.