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Central Bank Posts IFRS Transfer Plan for Non-Banks
22.01.2015 12:00 / MIFC
By 2017, the Bank of Russia plans to complete the transfer of all financial market sectors to the universal chart of accounts and IFRS-based accounting standards in every industry, with the exception of microfinance, where accounting system automation and HR training will take more time. This sector is scheduled to switch to IFRS in 2018.
For the complete financial market sectors IFRS transfer chart (in Russian), please visit http://www.cbr.ru/sbrfr/?PrtId=msfo_report