On 26 June 2013, the EU has adopted an adapted directive for accounting. With the approved amendment of the Persons and Companies Act (PGR) on 7 May 2015, the accounting directive was adopted into national law. The amended regulation entered into force on 1 August 2015 and will be applicable for financial years starting on or after 1 January 2016.
This publication presents the main changes in the revised accounting law compared to the previous provisions. Additionally, you may find short explanations around the most important changes.
© 2018 KPMG Holding AG is a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss legal entity. All rights reserved.