NOFA Foundation has started expert review of the applicability of new IFRS documents

04 August 2023

NOFA Foundation received the following IFRS documents for expert review of their applicability in Russian Federation from the Ministry of Finance of the Russian Federation.


  • Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
  • Initial Application of IFRS 17 and IFRS 9—Comparative Information. Amendment to IFRS 17 Insurance Contracts.
  • Non-current Liabilities with Covenants. Amendments to IAS 1 Presentation of Financial Statements.
  • Lease Liability in a Sale and Leaseback Amendments to IFRS 16 Leases.

The official texts of the documents in English and Russian are published on the IASB's website at

Members of the professional community and experts in financial accounting and reporting may participate in the consideration of the documents and send their comments to This email address is being protected from spambots. You need JavaScript enabled to view it. for the National Accounting Standards Board. Please indicate the title of the document under review in the subject line. Comments are accepted until 18 August 2023.

Discussion and voting by members of the expert body of the NOFA Foundation will be conducted via absentia ballots.

The expert review is conducted in accordance with the procedure determined by the Regulations on the Recognition of International Financial Reporting Standards and Interpretations of International Financial Reporting Standards for Application in the Russian Federation, approved by Resolution of the Government of the Russian Federation No. 107 dated 25 February 2011, as well as the Agreement concluded between the Ministry of Finance of the Russian Federation and the NSFR Foundation.