Main - National Organization for Financial Accounting and Reporting Standards

Activities

IFRS

Official Russian translation of IFRS
Official examination of applicability of IFRS, preceding the IFRS endorsement in Russia
Comments on IFRS projects

Auditing

Designated translating body for the authorized Russian translation of the Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements

Improvement of the financial reporting environment

Research on improvement of the financial reporting environment in Russia

News and announcements

Feb 05 2024

NOFA Foundation has started expert review of the applicability of new IFRS documents

NOFA Foundation received the following IFRS documents for expert review of their applicability in Russian Federation from the Ministry of Finance of the Russian Federation.

Nov 10 2023

Completed expert review in respect of the perceived difference between the Russian and English versions of IFRS 17 ‘Insurance Contracts’ has been completed.

The NOFA Foundation has completed an examination of the perceived differences between the Russian and English versions of IFRS 17 "Insurance Contracts" regarding the definition of the term "underlying items".

Oct 23 2023

Completed expert review of the applicability of IFRS document.

NOFA Foundation has completed the expert review of IFRS document «Non-current Liabilities with Covenants. Amendments to IAS 1» for expert review of its applicability in the Russian Federation.

Events

Oct 12 2016

TRANSITION TO INTERNATIONAL STANDARDS ON AUDITING IN RUSSIA

NOFA Foundation held a conference “Transition to International Standards on Auditing in Russia”.

Jun 29 2016

Meeting of IFRS Advisory Council

On June 13-14, 2016 Igor Kozyrev, Chairman of NOFA Foundation participated in the scheduled meeting of the IFRS Advisory Council. The issues considered in the overview of structure and efficiency of activities of IFRS Foundation which is made by the Trustees of IFRS Foundation were discussed at the meeting.

For more detailed information about the meeting and activities of IFRS Advisory Council follow the link

May 05 2016

MEETING OF EMERGING ECONOMIES GROUP OF IFRS Foundation

A regular meeting of Emerging Economies Group of IFRS Foundation took place on May 3-4, 2016 in Istanbul, Turkey. Dmitry Weinstein, the Member of National Accounting Standards Board of the NOFA Foundation made a report on accounting for government assistance.