... Implementing International Financial Reporting Standards (IFRS) emanates from the work of the Russian Corporate Governance Roundtable
[1]
. In 2002, the Russian Roundtable issued a White Paper on Corporate Governance that sets out agreed reform priorities and provides guidance on how to enhance corporate governance in the Russian Federation. Among its key recommendations, the White Paper identifies a full and quick adoption of IFRS for listed and widely held non-listed companies as a critical ingredient for improving transparency. In order to promote the achievement of this goal, a task force of Russian and OECD country experts was assembled and met during 2004 to establish priorities ...
Vitaly Paly
Vitaly Paly
On March 1998, the Russian Government decided to reform the national accounting system towards IAS. The first 12 standards have already been approved. Last summer, M. Zadornov, the then Russian Finance ... ... considered isolated.» First of all, it [ the accounting system ] should not be separated from national accounting traditions and legislation. «The charts of accounts have not been changed for ages …» This was reasonable in the planned economy but cannot be tolerated in the current market environment. The new national ...
... 14th session of the Foreign Investment Advisory Council in Russia was held in The President Hotel in Moscow on May 14, 2001. For the first time, it was attended by Russia’s top corporate managers and business owners who are members of the Business...
The 14th session of the Foreign Investment Advisory Council in Russia ... ... addressed by Mikhail M. Kasyanov, Chairman of the Government of the Russian Federation.
Mr. Kasyanov highlighted the principal development trends in the Russian economy, progress in the implementation of the economic program of the RF Government and measures designed to step up investment activities in Russia.
During the year 2000 and ...