Accounting Law Reform Act
Basic data | |
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Title: | Law to introduce international accounting standards and to ensure the quality of the audit |
Short title: | Accounting Law Reform Act |
Abbreviation: | BilRegG |
Type: | Federal law |
Scope: | Federal Republic of Germany |
Legal matter: |
Commercial law , company law |
Issued on: | December 4, 2004 ( BGBl. I p. 3166 ) |
Entry into force on: | mostly on January 1, 2005 |
Please note the note on the applicable legal version. |
The Accounting Law Reform Act is a comprehensive amendment law with the focus on changes in the HGB and in company law . It was passed by the German Bundestag in 2004.
The Accounting Law Reform Act includes various changes in the HGB, the Publicity Act and the Stock Corporation Act and essentially represents a change in the obligations for companies to report on the situation (Section 289 Management Report, Individual Financial Statements and Section 315 HGB Management Report, Consolidated Financial Statements).