The IFRS Foundation and the IASB were established in 2001 in order to develop a

single set of high quality, understandable, enforceable and globally accepted financial
reporting standards based upon clearly articulated principles. This vision of global accounting
standards has been publicly supported by many international organizations, including the
G20, World Bank, IMF, Basel Committee, IOSCO and IFAC. The exhibit Organization
history below highlights some notable developments since IFRS early starting till 2013 by
presenting the evolution of IFRS foundation and the progress towards global accounting
standards.

The exhibit Organization history

http://www.ifrs.org/About-us/IFRS-Foundation/Pages/Organisation-history.aspx

Announced on January 2012 by Indonesian government and recalled by Hans

Hoogervorst, chairman of the International Accounting Standards Board (IASB) in his speech
at the International seminar on IFRS Dynamics 2013 and Beyond: Impact to Indonesia
organized by the Indonesian Institute of Accountants (Ikatan Akuntan Indonesia, IAI), to all
Indonesian companies listed and unlisted to follow the application and gradual convergence
of Indonesian GAAP to IFRS.
By 2015, it was announced by IAI that Indonesia fulfilled IFRS adoption and by May
2016, The IFRS Foundation using information from various sources to develop country
adopted profiles founding on the responses provided by countries standard-setting and other
relevant bodies to a survey that the IFRS Foundation conducted published in exhibit currently
countries which profiles had completed for 147 jurisdictions including Indonesian profile .

Exhibit currently countries which profiles had completed for 147 jurisdictions

Afghanistan

Guatemala

Peru

Albania

Guinea-Bissau

Philippines

Angola

Guyana

Poland

Anguilla

Honduras

Portugal

Antigua and Barbuda

Hong Kong

Qatar

Argentina

Hungary

Romania

Armenia

Iceland

Russia

Australia

India

Rwanda

Austria

Indonesia

Saint Lucia

Azerbaijan

Iraq

Saudi Arabia

Bahamas

Ireland

Serbia

Bahrain

Israel

Sierra Leone

Bangladesh

Italy

Singapore

Barbados

Jamaica

Slovakia

Belarus

Japan

Slovenia

Belgium

Jordan

South Africa

Belize

Kenya

Spain

Bermuda

Korea (South)

Sri Lanka

Bhutan

Kosovo

St Kitts and Nevis

Bolivia

Kuwait

St Vincent and the Grenadines

Bosnia and Herzegovina

Latvia

Suriname

Botswana

Lesotho

Swaziland

Brazil

Liberia

Sweden

Brunei Darussalam

Liechtenstein

Switzerland

Bulgaria

Lithuania

Syria

Cambodia

Luxembourg

Taiwan

Canada

Macao

Tanzania

Cayman Islands

Macedonia

Thailand

Chile

Madagascar

Timor-Leste

China

Malawi

Trinidad and Tobago

Colombia

Malaysia

Turkey

Costa Rica

Maldives

Uganda

Croatia

Malta

Ukraine

Cyprus

Mauritius

United Arab Emirates

Czech Republic

Mexico

United Kingdom

Denmark

Moldova

United States

Dominica

Mongolia

Uruguay

Dominican Republic

Montserrat

Uzbekistan

Ecuador

Namibia

Venezuela

Egypt

Myanmar

Vietnam

El Salvador

Nepal

Yemen

Estonia

Netherlands

Zambia

European Union

New Zealand

Zimbabwe

Fiji

Nicaragua

Finland

Niger

France

Nigeria

Gambia

Norway

Georgia

Oman

Germany

Pakistan

Ghana

Palestine

Greece

Panama

Grenada
Paraguay
http://www.ifrs.org/Use-around-the-world/Pages/Jurisdiction-profiles.aspx

Mean
Minimum
Maximum
Range
Maximum / Minimum
Variance
N of Items
Item Means
3.657

2.927
3.990
1.063
1.363
.075
22
Item Variances
.644
.383
1.004
.620
2.619
.023
22
Inter-Item Covariance
.104
-.140
.443
.583
-3.169
.008
22
Inter-Item Correlations
.166
-.213
.653
.866

-3.069
.020
22

Mean

Minimu
m

Maximu
m

Range

Maxim
um /
Minimu
m

Varianc
e

N of
Items

Item Means

3.657

2.927

3.990

1.063

1.363

.075

22

Item

.644

.383

1.004

.620

2.619

.023

22

.104

-.140

.443

.583

-3.169

.008

22

.166

-.213

.653

.866

-3.069

.020

22

Variances
Inter-Item
Covariance
Inter-Item
Correlations