Status of adoption of IFRS 1 by Indonesian GAAP and how it affects compliance with IFRS-Except for IFRS 1, all the other standards under IFRS have been or will be adopted by Indonesian GAAP within the next two or three years. Consequently, an entity that seeks compliance with IFRS should ensure that it implements IFRS1 in order to make an explicit and unreserved statement of such compliance in the financial statements.