Background

The Association of Syrian Certified Accountants is the national professional body for public accountants. It does not currently set accounting standards. Rather, it advises the legislative authorities in the areas of accounting and auditing standards. There are no national accounting standards in Syria.

Accounting Standards

IFRS Accounting Standards are required for domestic public companies.

SMEs are not generally required to prepare general purpose financial statements. Those that do may use full IFRS Accounting Standards.

*The information above has been translated and compiled from publicly available sources, including the official websites of relevant institutions and the website of IFRS.