At the meeting of the day 25 November 2014 The Accounting Standards Committee adopted a resolution on the adoption of the revised National Accounting Standard No. 7 „Changes in accounting policies, estimates, correction of errors, events following the balance sheet date – take-up and presentation".
CRS No 7 is used once first to financial statements drawn up for the financial year ending after the date of publication of the amendment, with the possibility of prior application.
As a result of the revision of the standard, section 3.2 Points concerning the application of National Accounting Standards and IAS in connection with the interpretation were added Article 10(3) Act of 29 September 1994 accounting.
This provision states that in matters not regulated by the Act, by adopting accounting policies, individuals may apply national accounting standards issued by the Accounting Standards Committee. In the absence of an appropriate national standard, units other than those mentioned in Article 2(3), may apply IAS.
The standard was published in the Official Journal of the Minister of Finance on 22 January 2015, item 6. Renewed CRS No 7 is used once first to financial statements drawn up for the financial year ending after the date of publication of the amendment, with the possibility of prior application.