{"id":12729,"date":"2021-08-30T22:48:54","date_gmt":"2021-08-31T03:48:54","guid":{"rendered":"https:\/\/quadranslawandfinance.com\/?p=12729"},"modified":"2021-08-31T08:04:30","modified_gmt":"2021-08-31T13:04:30","slug":"who-regulates-the-financial-reporting-standards-nifs-in-mexico-2","status":"publish","type":"post","link":"https:\/\/quadranslawandfinance.com\/en\/blog\/who-regulates-the-financial-reporting-standards-nifs-in-mexico-2\/","title":{"rendered":"Who regulates the Financial Reporting Standards (NIFs) in Mexico?"},"content":{"rendered":"<p><strong>Financial Reporting Standards<\/strong> (<strong>NIFs<\/strong>, for their Spanish acronym), are the <strong>set of general and\u00a0particular standards that determine the way information is shown on financial statements<\/strong>.\u00a0NIFs are regulated by the Mexican Board for Research and Development of Financial\u00a0Reporting Standards (<strong>CINIF<\/strong>).<\/p>\n<p><strong>Also read: <a href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/certified-accountants\/\">What type of advice do our certified accountants offer?<\/a><\/strong><\/p>\n<h2><strong>NIF Classification:<\/strong><\/h2>\n<p>The <strong>CINIF<\/strong> separates <strong>Financial Reporting Standards<\/strong> into <strong>series<\/strong>, which are exclusively\u00a0applicable to Mexico. <strong>Each of them establishes the information that must be contained in the\u00a0financial statement<\/strong>. These series are sorted as follows:<\/p>\n<ul>\n<li><strong>NIF A series:<\/strong> Lays out the objectives and structure of a financial statement, as well\u00a0as the information to be reflected on it. It is the <strong>conceptual framework<\/strong>.<\/li>\n<li><strong>NIF B series:<\/strong> Contains all standards related to the <strong>calculation<\/strong>, <strong>methodology<\/strong>,\u00a0<strong>elaboration<\/strong>, <strong>presentation<\/strong> and <strong>disclosure of financial statements<\/strong>.<\/li>\n<li><strong>NIF C series:<\/strong> Establishes the <strong>standards for the valuation<\/strong>, <strong>presentation<\/strong> and\u00a0<strong>disclosure of financial results<\/strong>.<\/li>\n<li><strong>NIF D series:<\/strong> Refers to the s<strong>tandards applicable to issues in determining results<\/strong>.<\/li>\n<li><strong>NIF E series:<\/strong> Comprises the <strong>standards applicable to special activities in various\u00a0sectors<\/strong>.<\/li>\n<li><strong>Memorandums:<\/strong> These are rather focused on <strong>clarifications or recommendations<\/strong>.<\/li>\n<\/ul>\n<p><strong>You might also be interested in our video: <a href=\"https:\/\/www.youtube.com\/watch?v=88v0VS6kJVE\">Learn about our services<\/a><\/strong><\/p>\n<p>At <strong>QuAdrans Law and Finance<\/strong>, our certified accountants will provide you with advice to\u00a0make the best financial decisions for your company. To learn more about our <strong>accounting\u00a0service<\/strong>, click <a href=\"https:\/\/quadranslawandfinance.com\/en\/services\/\"><strong>here<\/strong><\/a>.<\/p>\n<h2 style=\"text-align: center;\"><strong>Legal and Accounting Consulting Service in Playa del Carmen<\/strong><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Financial Reporting Standards (NIFs, for their Spanish acronym), are the set of general and\u00a0particular standards that determine the way information is shown on financial statements.\u00a0NIFs are regulated by the Mexican Board for Research and Development of Financial\u00a0Reporting Standards (CINIF). Also read: What type of advice do our certified accountants offer? NIF Classification: The CINIF separates [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,51,61,54],"tags":[],"class_list":["post-12729","post","type-post","status-publish","format-standard","hentry","category-accountant","category-corporate","category-outsourcing-en","category-translations"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Who regulates the Financial Reporting Standards (NIFs) in Mexico? - QuAdrans law and finance<\/title>\n<meta name=\"description\" content=\"Financial Reporting Standards (NIFs) are regulated by the CINIF. | Legal and Accounting Consulting Service in Playa del Carmen\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/who-regulates-the-financial-reporting-standards-nifs-in-mexico-2\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Who regulates the Financial Reporting Standards (NIFs) in Mexico? 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