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03.12.2024
RUSSIA TO IMPROVE ACCOUNTING SYSTEM
The Russian Government has defined the guidelines of state policy in the field of accounting, financial reporting and auditing activities until 2030. It is expected to develop the system of accounting and financial reporting standards, expand the functionality of the State Register of Accountants and Financial Reporting (GIRBO) and improve the economic model of audit organisations.
By 2030, the adoption of a basic set of federal accounting standards should be completed. This set should include, among other things, accounting standards for income, expenses, biological assets, financial assets and liabilities.
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