By: Sandra Minaburo
Director, Accounting Research Center, ITAM
Since the time of its founding, one of the core objectives of the Mexican Board for Research and Development of Financial Reporting Standards (CINIF for its acronym in Spanish) has been to promote a convergence of Mexican Financial Reporting Standards (Mexican FRS) with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).
Between January 2006 and December 31, 2011, the CINIF issued 33 FRS, 19 FRS interpretations (FRSI) and two FRS orientations (FRSO), which leaves us with a total of 11 standards still pending convergence.1 Table 1 shows the current status of Mexican FRS based on Standards in effect as of January 1, 2012 (CINIF-IMCP, 2012).
Essential Issues about Carbon Taxes in Mexico City
and Annapaola Llanas
Much has been said about sustainability and the environmental issues facing the planet. Governments, non-governmental organizations, participants in the economy, and the population in general have gradually incorporated into their activities of daily living an honest concern about the negative effects of climate change, overexploitation of natural resources, pollution of aquifers and overpopulation, to mention some of these phenomena.
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