OREANDA-NEWS. On February 18, 2008 Svetlana Chuchalina, Director General of Energy Consulting Roedl, addressed the IAS Forum, held in Kremlin, reported the press-centre of Energy Consulting.

International Accounting Standards are of considerable importance not only for some individual enterprises as an instrument of raising additional funding and a component of high corporate management culture, but for development of the economy in the whole country as well, since it facilitates the development of a more transparent and clear business climate and integration of Russia into the world economy. That’s why the annual IAS Forum of 2008 in Kremlin has lured more than 600 financial directors, chief accountants (CAOs), heads of reporting departments and consultants for the senior staff from all regions of Russia. Importance of this event was acknowledged by the Ministry of Economic Development of the Russian Federation.

Within the framework of the Forum several topical sections were held where practical, most acute discussion questions were raised. Svetlana Chuchalina addressed the “IAS Intricate Questions” section speaking about “IAS Requirements for Fixed Assets Accounting”. The speech included reporting standards and sphere of their application. The presentation touched on the procedure of disclosing information on fixed assets in the accounts. A special attention of the audience was drawn to the comparative analysis of the Russian Accounting Standards and IAS requirements. Working with Energy Consulting Roedl, the customers can use a unique bundle of Western standards, methodology, audit expertise and consulting of a German partner with the Russian experience of a rapidly developing national audit and consulting Group. Change over to IAS creates new opportunities for the Russian companies, like access to international capital markers, IPO or drawing investments from the Western financial institutions.

Speech of S. Chuchalina has kindled much interest and many questions of the audience and mass media.