What is IFRS?
What is International Accounting Standards Board (IASB)?
What is the structure of IASC foundation?
How widespread is the adoption of IFRS around the world?
What is the International Accounting Standards Committee (IASC)?
What is the IFAC?
Amendment were made to the RA law on "Turnover tax", particularly the turnover tax payers engaged in commercial activities apply 1% rate within the taxable object for the calculation of the turnover tax for each reporting period (instead of the previous 3.5% rate) and are obliged to document all transactions for the purchase of goods according to the statutory requirements.
Due to changes in the RA law on "Mandatory Funded Pension" amendments were made in the RA law on "Income tax".
An amendment was made to the RA law on “Accounting” by which large organizations can publish their financial statements without auditor's report. That is large organizations are exempted from mandatory audit.