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CVM edits accounting standard

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This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here.

The Brazilian Securities and Exchange Commission (CVM) issues today, 10/22/2021, Resolution CVM 58 , which approves Technical Pronouncement Review Document No. 19, issued by the Accounting Pronouncements Committee (CPC).

The document presents changes in the Technical Pronouncements CPC 37 (R1), CPC 48, CPC 29, CPC 27, CPC 25 and CPC 15 (R1) as a result of modifications approved by the IASB in the 2018-2018 improvement cycle document ( Annual Improvements 2018 -2020) and in the standards IAS 16 (CPC 27), IFRS 3 (CPC 15 R1) and IAS 37 (CPC 25).

Validity

CVM Resolution 58 comes into effect on 1/1/2022 , applying to fiscal years beginning on – or after – that date.

More information

Access CVM Resolution 58 .

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Regulator Information

Abbreviation: CVM
Jurisdiction: Brazil

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