Mexican Financial Reporting Standards definition

Mexican Financial Reporting Standards means Mexican financial reporting standards (Normas de Información Financiera Aplicables en México) as issued by the Mexican Financial Reporting Standards Board (Consejo Mexicano para la Investigación y Desarrollo de Normas de Información Financiera).
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Examples of Mexican Financial Reporting Standards in a sentence

  • Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and that they are prepared in accordance with Mexican Financial Reporting Standards.

  • These consolidated financial statements are presented on the basis of Mexican Financial Reporting Standards (“MFRS”, individually referred to as Normas de Información Financiera or “NIFs”).

  • Basis of presentation and consolidation Consolidated Financial statements condensates unaudited of the ICA and subsidiaries (ICA or The Company) are prepared in accordance with Mexican Financial Reporting Standards (MFRS or NIF), and accordance with presentation rules from Mexican Stock Change (BMV) set in SIFIC.

  • She thanked Steve Lim and his team (Hyejung Lee and Dae‐Hyun Kim – Korea Accounting Standards Board), Felipe Perez‐ Cervantes (Mexican Financial Reporting Standards Board) and Didrik Thrane‐Nielsen (Norwegian Accounting Standards Board) who analysed and summarized participants’ responses and made a number of recommendations.

  • Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and are prepared in conformity with Mexican Financial Reporting Standards.

  • We evaluated the performance of the independent auditors, who are responsible for rendering an opinion on the reasonability of the Company’s financial statements and the compliance with the Mexican Financial Reporting Standards.

  • The accompanying financial statements have been prepared in accordance with Mexican Financial Reporting Standards (Mex FRS).

  • Felipe Perez‐Cervantes, Chairman of the Mexican Financial Reporting Standards Board and member of the board of GLASS, referred meeting participants to agenda paper 7.3 and supporting documentation, which provided an overview of GLASS’s activities for the period 28 June 2011 to 30 June 2012.

  • Felipe Perez-Cervantes, Chairman of the Mexican Financial Reporting Standards Board and member of the Board of GLASS, commented on GLASS’s activities (see PowerPoint presentation marked Paper 2.3).

  • The Chairman thanked Felipe Perez-Cervantes (Mexican Financial Reporting Standards Board), Bee Leng Tan (Malaysian Accounting Standards Board) and Didrik Thrane-Nielsen (Norwegian Accounting Standards Board) for analysing and summarizing participants’ responses.

Related to Mexican Financial Reporting Standards

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in section 227 of the Australian Securities and Investments Commission Act 2001 (Cth);

  • International Accounting Standards means International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and related Interpretations (SIC-IFRIC interpretations), subsequent amendments to those standards and related interpretations, and future standards and related interpretations issued or adopted by the International Accounting Standards Board (IASB);

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • Operating Standards shall have the meaning given such term in Section 2.1.

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • Financial Regulations means regulations made under section 21 of the Act;

  • Accounting Standard means GAAP.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Foreign Financial Regulatory Authority shall have the meaning given by Section 2(a)(50) of the 0000 Xxx.

  • Reliability Standards means the criteria, standards, rules and requirements relating to reliability established by a Standards Authority.

  • standards of generally recognised accounting practice means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the Accounting Standards Board

  • UK generally accepted accounting principles and practices means the principles and practices prevailing from time to time in the United Kingdom which are generally regarded as permissible or legitimate by the accountancy profession irrespective of the degree of use.

  • Financial Conduct Authority means the registering authority for societies registered under the Co-operative and Community Benefit Societies Act 2014 and the Credit Unions Act 1979 set up in terms of the Financial Services Act 2012 or its successor body.

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).