RUSSIA DEAL
May 1st, 2005
BY KEITH NUTHALLRUSSIA has made a commitment to introducing international accounting standards in a cooperation agreement struck with the European Union (EU). Signed in Moscow, the deal commits both sides to "implementation of the highest international standards and norms" in "accounting/auditing and statistics", boosting "the transparency of the economy and shareholder protection" and "creating favourable conditions for investment". The agreement said Russia and the EU would "cooperate" in securing this goal, as well as harmonising statistical systems and ...
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