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Vladimir Putin signed the Federal Law On Amending Individual Legislative Acts of the Russian Federation.
The Federal Law On Auditing Activity is amended to stipulate that audit activity in the Russian Federation will be conducted in accordance with international auditing standards adopted by the International Federation of Accountants, mandatory for auditing organisations, accountants, self-regulated organisations and their workers.
Procedures for recognising the standards will be established by the Government of the Russian Federation.
December 2, 2014