The Russian Ministry of Finance, by Order No. 3n dated January 14, 2026, introduces two new IFRS standards and a number of amendments to existing standards. The order comes into force on April 6, 2026. The new requirements will affect companies preparing financial statements under international standards and will require a review of approaches to disclosure and classification of financial instruments.
What Is Being Introduced
1. IFRS 18 "Presentation and Disclosure in Financial Statements"
The new standard establishes requirements for the structure and content of general-purpose financial statements. Its objective is to ensure the presentation of relevant information that faithfully represents an entity's assets, liabilities, equity, income, and expenses.
The standard is mandatory for annual reporting periods beginning on or after January 1, 2027. Early application is permitted.
2. IFRS 19 "Subsidiaries without Public Accountability: Disclosures"
This standard sets out simplified disclosure requirements for subsidiaries that do not have public accountability. To apply it, an entity must meet certain conditions. The standard applies to reporting periods beginning on or after January 1, 2027 (early application is permitted).
3. Amendments to IFRS 9, IFRS 7, and IFRS 19
The document "Amendments to the Classification and Measurement of Financial Instruments" introduces changes to existing standards, clarifying approaches to the classification and measurement of financial assets and liabilities.
Important: IAS 1 "Presentation of Financial Statements" will cease to apply from the effective date of IFRS 18.
Why This Matters for Businesses
The new standards significantly change approaches to the preparation and presentation of financial statements. Companies will need to:
review the structure and content of their financial statements to comply with IFRS 18 requirements;
determine whether subsidiaries can apply the simplified disclosure regime under IFRS 19;
adjust their accounting policies and internal procedures in accordance with the new rules for classification and measurement of financial instruments.
Risks of Non-Compliance
Incorrect application of new standards may lead to misstatement of financial statements.
Improper disclosure — to claims from auditors and regulators.
Delayed adaptation of accounting policies — to errors in financial statement transformation and additional costs.
What Businesses Should Do
Assess how the new standards will affect your company. Develop a transition plan, adjust accounting policies, and train staff.
How Acsour Can Help
Acsour experts are ready to:
analyze the impact of new IFRS standards on your financial statements;
adjust accounting policies and internal procedures;
advise on the classification and measurement of financial instruments;
support the transformation of financial statements in accordance with new requirements.
Contact us — we will help you adapt your financial statements to the new IFRS standards.