|Extent of IFRS application||Status||Additional Information|
|IFRS Accounting Standards are required for domestic public companies||IFRS Standards required for listed companies and financial institutions.|
|IFRS Accounting Standards are permitted but not required for domestic public companies|
|IFRS Accounting Standards are required or permitted for listings by foreign companies||Required.|
|The IFRS for SMEs Accounting Standard is required or permitted||Required for some SMEs, permitted for others.|
|The IFRS for SMEs Accounting Standard is under consideration|
Profile last updated: 08 February 2017
Refer to The Rwanda Law Relating to Companies of 2009 (Companies Act), especially in Article 254 (which requires that all companies use International Accounting Standards), and the Law number 11/2008 of 06/05/2008 establishing the Institute of Certified Public Accountants of Rwanda (the ICPAR Law), which was published in the official Gazette of the Republic of Rwanda on 1 August 2008.