The Committee on Economic Policy recommends that the Parliament adopts as a Basis the Bill on Amendments to the Law

The Committee on Economic Policy recommends that the Parliament adopts as a Basis the Bill on Amendments to the Law "On Accounting and Financial Reporting in Ukraine"

Published on 22 December 2009, at 09:27

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In the course of the Committee sitting it was declared that the Bill (Reg.№5435) is aimed at the further reforming of the accounting system and transference of the majority of Ukrainian enterprises on international accounting standards and harmonisation of accounting standards to the International financing reporting standards etc.

The Bill envisages introduction of new terms "professional accountant", "international standards of finance reporting", "legal entities of social significance", "administrative data" etc.

The Bill also contains other clauses aimed at the further reforming of the accounting system in Ukraine.

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