President signs law facilitating quality of financial reporting

Source : 112 Ukraine

The document will allow Ukraine to fulfill its obligations on the EU Association
20:19, 30 October 2017

Press Service of the President of Ukraine

President Petro Poroshenko has signed the law on Introducing amendments to the law of Ukraine on accounting and financial reporting, which improves certain provisions, as the press service of Ukraine’s President informs

It is noted that the document will allow improving the quality of the financial reporting, while at the same time fulfilling Ukraine’s obligations under the Ukraine-EU Association Agreement.

Related: Poroshenko to visit Saudi Arabia and UAE

The document improves the general requirements, the order of submitting and publishing the financial reports, and bringing the norms of national legislation on accounting into line with the EU legislation.

The law comes into force on January 1, 2018, except for the provisions on publishing the annual financial reports that include audit reports on the websites of big companies and other financial institutions, which come into force on January 1, 2019.

Related: Poroshenko signs law on ratification of the protocols of Convention on Human Rights

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