How to avoid making mistakes in IFRS reporting for non-State pension funds
In the December issue of the magazine "IFRS in practice" (№ 12, 2016) the article of Ekaterina Martynova, Senior Consultant, Audit department, Mazars is published.
Senior Consultant of Audit department
The federal law №208-FZ obliges non-State pension funds to prepare consolidated financial statements in accordance with IFRS. Due requirement of the law, the financial statements for the year ended December 31, 2015 were presented by non-State pension funds for the first time. There are still no clear explanations of the regulator, but there are plenty of specific questions. In the article reviewed 4 points that non-State pension funds should pay attention on to avoid making mistakes in financial statements prepared in accordance with IFRS.