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It is registered

Ministry of Justice

Russian Federation

On January 27, 2016 No. 40826

PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

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"

(as amended of the Instruction of the Central bank of the Russian Federation of 28.11.2016 No. 4219-U)

This Provision based on the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348; Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3841; No. 27, the Art. 4225, the Art. 4273, the Art. 4295) and 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 December 22, 2015 No. 38) establish procedure for correction of insignificant and material mistakes in financial accounting and accounting (financial) records by not credit financial credit institutions.

Chapter 1. General provisions

1.1. For the purpose of this provision the mistake is understood as the wrong reflection or not reflection of the facts of economic life in financial accounting and (or) accounting (financial) records of not credit financial credit institution.

1.2. The mistake can be caused, in particular:

the wrong application of the legislation of the Russian Federation on financial accounting and (or) regulatory legal acts on financial accounting;

wrong application of accounting policy of not credit financial credit institution;

inaccuracies in calculations;

wrong classification or assessment of the facts of economic activity;

misuse of information which is available for signature date of accounting (financial) records;

unfair actions of officials of the organization.

1.3. Are not errors of inaccuracy or the omissions in reflection of the facts of economic life in financial accounting and (or) accounting (financial) records of not credit financial credit institution revealed as a result of receipt of new information which was not available to not credit financial credit institution at the time of reflection (not reflection) of such facts of economic life.

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.

1.4. The mistake is recognized essential if it separately or in total with other mistakes for the same accounting period can influence the economic decisions of users made by them on the basis of accounting data and (or) the accounting (financial) records constituted for this accounting period.

Not credit financial credit institution if necessary determines cases in case of which the mistake is recognized essential in standards of the economic actor, proceeding both from size, and from nature of the relevant article (Articles) and (or) indicators of accounting (financial) records.

1.5. The revealed mistakes and their consequences are subject to correction.

Chapter 2. Procedure for error correction

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.

2.2. The insignificant and essential mistakes made in reporting year, revealed later the terminations of accounting year, but before date of creation of accounting (financial) records for this year, improve accounting entries on the corresponding accounts of financial accounting according to the procedure of reflection in the financial accounting of events after the reporting period established by the Provision of the Bank of Russia of December 16, 2015 No. 520-P "Industry standard of financial accounting by not credit financial credit institutions of events after the reporting period" registered by the Ministry of Justice of the Russian Federation on January 22, 2016 No. 40722 ("the Bulletin of the Bank of Russia" of February 1, 2016 No. 9). At the same time corresponding accounts in accounting entries are balance sheet accounts on accounting of the income and expenses of last year No. 720 - 729 (on the corresponding symbols of the report on financial results (further - OFR) according to the Provision of the Bank of Russia of September 2, 2015 No. 487-P "Industry standard of financial accounting of the income, expenses and other comprehensive income of not credit financial credit institutions" registered by the Ministry of Justice of the Russian Federation on October 9, 2015 No. 39282, on June 8, 2016 No. 42473 ("the Bulletin of the Bank of Russia" of November 6, 2015 No. 97 - 98, of June 24, 2016 No. 59) (further - the Provision of the Bank of Russia No. 487-P), and also balance sheet accounts on accounting of the added capital No. 106 (except for accounts No. 10602 "Share premium").

Date of creation of annual accounting (financial) accounts signature date of its copy on paper is considered the head of not credit financial credit institution.

2.3. The insignificant mistake made before accounting year, revealed after the termination of accounting year, but before date of creation of annual accounting (financial) accounts for accounting year, improves accounting entries on the corresponding accounts of financial accounting according to the procedure of reflection in the financial accounting of events after the reporting period established by the Provision of the Bank of Russia of December 16, 2015 No. 520-P. At the same time corresponding accounts in accounting entries are balance sheet accounts on accounting of the income and expenses of last year No. No. 720 - 729 (on the corresponding symbols of OFR according to the Provision of the Bank of Russia No. 487-P).

2.4. The material mistake made before accounting year, revealed after the termination of accounting year, but before date of creation of annual accounting (financial) accounts for accounting year, improves:

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