NOFA Foundation has completed the expert review of IFRS documents:

1. Initial application of IFRS 17 and IFRS 9. Comparative information. Amendment to IFRS 17 «Insurance Contracts».

2. Definition of accounting estimates. Amendments to IAS 8 «Accounting Policies, Changes in Accounting Estimates and Errors».

3. Lease liability in a sale and leaseback transaction. Amendments to IFRS 16 «Leases».

On the basis of the performed expertise the applicability of the listed documents of the International Financial Reporting Standards in the territory of the Russian Federation was confirmed.

The expert review was conducted in accordance the Agreement between the Ministry of Finance of the Russian Federation and NOFA Foundation on expert review of the applicability of IFRS Standards and IFRS Interpretations in the Russian Federation.