{"id":4159,"date":"2026-09-11T10:16:42","date_gmt":"2026-09-11T07:16:42","guid":{"rendered":"https:\/\/audit-mk.com.ua\/khto-vede-zvitnist-za-msfz-2026\/"},"modified":"2026-09-11T10:16:42","modified_gmt":"2026-09-11T07:16:42","slug":"khto-vede-zvitnist-za-msfz-2026","status":"publish","type":"post","link":"https:\/\/audit-mk.com.ua\/en\/khto-vede-zvitnist-za-msfz-2026\/","title":{"rendered":"Who must report under IFRS in Ukraine in 2026"},"content":{"rendered":"
<\/p>\n
For many Ukrainian companies the move to International Financial Reporting Standards stopped being a choice long ago: the law names the categories of entities that must prepare IFRS financial statements. The difficulty is that the list is built from several overlapping criteria, and a company can fall into it without noticing, simply by growing during the year. Below we explain who is covered, how to check your own position and what to do if you are already on the list.<\/p>\n
Who must apply IFRS by law<\/h2>\n
The Ukrainian Accounting and Financial Reporting Act provides that financial statements under international standards are prepared by:<\/p>\n
\n
public interest entities;<\/li>\n
public joint stock companies;<\/li>\n
entities operating in extractive industries;<\/li>\n
large enterprises under the statutory size criteria;<\/li>\n
entities carrying out activities on a list set by the Cabinet of Ministers, mainly in financial services.<\/li>\n<\/ul>\n
All other entities may adopt IFRS voluntarily. In practice this is what subsidiaries of foreign groups do, because the parent requires an IFRS package for consolidation anyway.<\/p>\n
What counts as a public interest entity<\/h2>\n
This is the widest category and the one that raises the most questions. Public interest entities include:<\/p>\n
\n
issuers whose securities are admitted to trading on organised markets;<\/li>\n
banks and insurers;<\/li>\n
private pension funds;<\/li>\n
other financial institutions, except those classified as micro or small enterprises;<\/li>\n
large enterprises.<\/li>\n<\/ul>\n
For these companies IFRS is mandatory regardless of whether there is a foreign shareholder. Together with international accounting standards comes the statutory audit of the annual statements, which we covered separately: statutory audit of financial statements<\/a>.<\/p>\n