This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Mexico

Mexico Image

 

Financial Reporting Framework in Mexico

On 27 January 2009, the Mexican Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, or CNBV) issued modifications to the securities and exchange laws (Disposiciones de Carácter General Aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores, or Circular Única de Emisoras) to adopt IFRSs by listed companies. The adoption is mandatory for listed companies in 2012 with early adoption permitted as early as 2008. Also, such financial statements will have to be audited under International Standards on Auditing instead of Mexican Auditing Standards.

An exception to the above is provided for financial institutions.

 

Principales noticias internacionales del entorno de las normas de información financiera

The Mexican standard-setter Consejo Mexicano de Normas de Información Financiera (CINIF) regularly publishes a Spanish language overview of major international news on financial reporting standards. We are pleased that IAS Plus is mentioned as one of the top sources of the information provided in these publications. Please click to access Principales noticias internacionales del entorno de las normas de información financiera  (archive of all issues, link to the CINIF website).

 

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.