The NOFA Foundation developed methodological recommendations on preparation by insurance companies of the consolidated financial statements for 2012 according to IFRSs

The NOFA Foundation took part and won the open competition held by the Federal Service for Financial Markets for the right to sign the state contract on research work on the subject: "Development of recommendations on improvement of the reporting system of insurers on the basis of International Financial Reporting Standards". On November 12, 2012 the State contract between the NOFA Foundation and the Federal Service for Financial Markets was signed. As a result of research methodological recommendations on preparation by insurance companies of the consolidated financial statements for 2012 according to International Financial Reporting Standards were developed.