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ORDIN nr. 1.938 din 17 august 2016 privind modificarea şi completarea unor reglementări contabile

Order no. 1,938 of August 17, 2016 regarding the modification and completion of some accounting regulations

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Summary

Accounting regulations in regards to the annual financial statement and consolidated financial statement are amended and supplemented by this order to include the partial transposition of 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 Accounting regulations in regards to the annual financial statement and consolidated financial statement are amended and supplemented by this order to include the partial transposition of 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

2016

Region

Europe

Issuer (type)

Ministry of Public Finance (Ministerul Finanţelor Publice) (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Administrative, Support, Waste Management
  • Finance & Insurance
  • Arts, Entertainment, & Recreation
  • Professional, Scientific, & Technical Services
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 8: Decent Work and Economic Growth
  • SDG 10: Reduced Inequality
  • SDG 16: Peace, Justice, and Strong Institutions

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