INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of November 28, 2016 No. 4219-U

About modification of the Provision of the Bank of Russia of December 28, 2015 No. 523-P "Industry standard of the financial accounting "Procedure for Error Correction in Financial Accounting of Accounting (Financial) Records by Not Credit Financial Credit Institutions"

1. According to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of November 25, 2016 No. 32) to bring in the Provision of the Bank of Russia of December 28, 2015 No. 523-P "Industry standard of the financial accounting "Procedure for Error Correction in Financial Accounting and Accounting (Financial) Records by Not Credit Financial Credit Institutions", registered by the Ministry of Justice of the Russian Federation on January 27, 2016 No. 40826 ("the Bulletin of the Bank of Russia" of February 10, 2016 No. 11), the following changes.

1.1. To add preamble after the words "Art. 5639" with words "; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3841; No. 27, Art. 4225, Art. 4273, Art. 4295".

1.2. Add Item 1.3 with the paragraph of the following content:

"The changes of estimations resulting from emergence of new information or succession of events have no relation to previous periods and are not error correction.".

1.3. To add Item 1.4 paragraph two after the word of "(Articles)" with the words "and (or) indicators".

1.4. State Item 2.1 in the following edition:

"2.1. The insignificant and essential mistakes made current reporting year, revealed before the termination of the current accounting year improve accounting entries on the corresponding accounts of financial accounting in day of identification.".

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