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Reglementari contabile din 28 decembrie 2015

Accounting Regulations of December 28, 2015

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Summary

These regulations implement the use of the International Financial Reporting Standards (IFRS) for entities authorized, regulated and supervised by the Financial Supervisory Authority. It outlines the reporting and auditing requirements of annual financial statements, including the expected content of the management report and financial statements. Article 8 implements the EU Directive 2014/95 / EU regarding the disclosure of non-financial information. Entities with an average of 500 employees during the financial year are required to prepare a non-financial statement as part of the management report, including information in relation to environmental issues, social and personal, human rights, and combating corruption and bribery. The statement should include a brief description of the business model, a description of the policies, results, main risks and key performance indicators in relation to relevant non-financial issues. Where an entity does not implement policies in regards to non-financial issues, they must explain why.

Thumbnail image for These regulations implement the use of the International Financial Reporting Standards (IFRS) for entities authorized, regulated and supervised by the Financial Supervisory Authority. It outlines the reporting and auditing requirements of annual financial statements, including the expected content of the management report and financial statements. Article 8 implements the EU Directive 2014/95 / EU regarding the disclosure of non-financial information. Entities with an average of 500 employees during the financial year are required to prepare a non-financial statement as part of the management report, including information in relation to environmental issues, social and personal, human rights, and combating corruption and bribery. The statement should include a brief description of the business model, a description of the policies, results, main risks and key performance indicators in relation to relevant non-financial issues. Where an entity does not implement policies in regards to non-financial issues, they must explain why.
Issuer

Romania

Year

2015

Region

Europe

Issuer (type)

Financial Supervisory Authority (Autoritatea de Supraveghere Financiară) (Financial Regulator)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Professional, Scientific, & Technical Services
  • Administrative, Support, Waste Management
  • Real Estate, Rental & Leasing
Restrictiveness

Low

Sustainable Development Goals (SDGs)
  • SDG 2: Zero Hunger
  • SDG 8: Decent Work and Economic Growth
  • SDG 10: Reduced Inequality

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