The commission set up in accordance with the Regulations on recognition of International financial reporting standards and IFRS Interpretations on the territory of the Russian Federation approved by Resolution # 107 of the Russian Government of February 25, 2011 in order to ascertain an expert body for conducting expertise of applicability of IFRS documents on the territory of RF has considered the only bid for participation in the tender from a non-commercial organization - Foundation “National Organization for Financial Accounting and Reporting Standards”. On July 7, 2011 after considering the bid of the non-commercial organization Foundation “National Organization for Financial Accounting and Reporting Standards” the commission came to the decision to appoint the Foundation “National Organization for Financial Accounting and Reporting Standards” to be an expert body for conducting expertise of applicability of IFRS documents on the territory of the Russian Federation in accordance with the Regulations on recognition of International financial reporting standards and IFRS Interpretations on the territory of the Russian Federation approved by Resolution # 107 of the Russian Government of February 25, 2011.