By Margin Polish Deal tax changes happen what is most important, that is accounting for business. In this issue of the Warehouse, we focus on recommendations issued by the Accounting Standards Committee.
The CRS document provides guidance on how to keep accounts in the COVID pandemic and to draw up financial statements to take all the necessary information into account. Our expert will look closely at the recommendations, you will also be able to read more about this in this and In the next Number.
On this occasion, it is worth noting the current changes, which include the draft Act amending the Accounting Act and some other laws adopted by the Sejm. The most important of the new solutions is the possibility of signing the report by one Member of the Board, not as yet – by all members.
The Act also announces the introduction of a uniform format of electronic financial statements and activity reports for issuers (XHTML format) and for other entities applying International Financial Reporting Standards (XHTML or other searchable format), as well as the introduction of the possibility of failing to prepare consolidated financial statements by Alternative Investment Companies.
The revised Act on Auditors, Audit Companies and Public Supervision introduces remote checks in audit firms as basic forms of control.
Katarzyna Kołbuś Leading editor
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