Regulatory Alerts2023-12-11 | DOF 5710975Added · Updated
Agreement Issuing the Registration and Valuation Rules of Equity
Mandatory Registration and Valuation Rules of Equity are established for public entities subject to the General Law of Governmental Accounting, consolidating prior 2010 and 2011 regulations into a single document. The rules define basic financial statement elements including assets, liabilities, equity, income, and expenses, while establishing recognition criteria and valuation bases such as historical cost and current value. Public entities must apply professional judgment with a prudential approach when selecting accounting policies, as approved by the National Council for Accounting Harmonization.
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