By Walter Grand in Politic —

Companies will publish less information, - RBC

Companies will publish less information, - RBC
Photo by Mehrnaz Taghavishavazi / Unsplash

The Russian Union of Industrialists and Entrepreneurs has sent a proposal to the Ministry of Finance and the Central Bank to simplify IFRS.

If a company simplifies its reporting, it will become less transparent and this will affect investor confidence.