You will find below News and Articles related to Audit Sevices.
News in the regulation on reporting in non-profit accounting and in the register of non-profit organizations
Non-profit organizations that conduct double- entry bookkeeping are not required to submit quarterly financial statements for January-March and January-September on S-PR-RAS-NPF forms.
Recently, there is a new IFRS 17 that replaced existing IFRS 4 on Insurance Contracts. Below you will find brief information regarding the new IFRS 17.
Starting from January 1st 2019, the new IFRS 15 and 16 (hereinafter referred to as "IFRS 15" and "IFRS 16") will be applicable to all companies that are normally required to be audited according to International Financial Reporting Standards.
IFRS 16 is a new standard that prescribes the way of recognizing, measuring, rendering and publishing of leases, the application of which is mandatory from 1 January 2019.
IAS 16 Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life.
As the annual financial statements are being submitted for statistical and other needs for 2016, we hereby inform you, inter alia, of the obligation to submit a consolidation form.