NEW MILESTONE FOR IFRS INTERNATIONAL FINANCIAL REPORTING STANDARDS

IFRS International Committee adopted a package of new IFRS International Financial Reporting Standards, which are the pillars of the new angular quality of financial reporting of banks, businesses, insurance companies and other organizations in the real economy, as well as public companies, public utilities and public funds. The purpose of the change and adoption of new standards in order to improve the infrastructure of internal controls, the introduction of new institutions of common control and general improvement of corporate responsibility in order to achieve faster start-up conditions for economic growth in the future, prevent financial crime, and achieving long-term monetary, economic and social stability.