• Service: Audit, Accounting Rules Code of Obligations
  • Type: Business and industry issue, Regulatory update
  • Date: 6/19/2014

New Accounting Law - Transitional Provisions art. 2 para. 4 

KPMG has released this publication to support the adoption of the new provisions relating to the presentation of financial statements. The transitional provisions of the new accounting law contain different regulations for the first adoption of the law. The brochure gives you an overview on art. 2 para. 4, which regulates the statement and outline of previous year's figures.
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On 1 January 2013 the new accounting law, agreed by Parliament on 23 December 2011, entered into force. Companies still have time to adapt, as the regulations will only come into effect as of financial year 2015; with respect to the group consolidated financial statement, as of the financial year 2016.


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