The Committee on Economic Policy recommends that Parliament should adopt in the second reading and in entirety the draft law on amendments to the Law “On Accounting and Financial Statements in Ukraine”

Information Department of the Verkhovna Rada of Ukraine Secretariat
07 June 2013, 15:46

The bill (Reg. No. 0878) suggests specifying the notion “nationally accepted (standard) accounting principles” and authorizing the Ministry of Finance and the National Bank to set requirements for the source documents and records of accounting and determine the order of documentary software of records in accounting.

The Committee members deem implementation of the bill’s provisions will improve legal basis of regulation, organization, accounting and financial statements in Ukraine, as well as their further reforming that will refine investment climate in Ukraine.