Summary
This Act shall regulate: the requirements for entities’ ongoing accounting and accounting systems, accounting documents and accounting information, asset and liability stocktaking, and safekeeping of accounting information; the applicable financial accounting basis; the content and the drawing up of entities’ and group of entities’ financial statements, management reports, and reports on payments to governments; the obligations related to the independent financial audit and publishing entities’ and group of entities’ financial statements, management reports, and reports on payments to governments; the obligations and responsibilities of entity’s chief executive officer.