Back to overview

Transposition of EU NFR Directive: Act No 1938 as "Order regarding changes and additions to existing accounting regulations"

Romania Current 2016

Amendments to the accounting act requirement for non-financial information uses similar/if not almost the same content of the directive.

Issuer name

Ministry of Public Finance

More information

It incorporates the directives recommendation to use third-party verification, it mentions the need for companies to use statutory auditor or audit firm to review non-financial statement

Comply or explain

True

Organizations covered by the instrument

Large private and listed companies

Target organization notes

PIEs500+

Industry scope

All/none specified

Disclosure venue

Directive report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

Human Rights, Employment Conditions, Policies and Practices

ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour

Status

Current

Country

Romania

Region

Europe

Date of publication

2016

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Go to the instrument