New Accounting Regulations Regarding Taxpayer’s Annual Financial Statements and Consolidated Annual Financial Statements

Monitorul Oficial al Romaniei, Part I, No 963 / 30 December 2014 has published Order No 1802 of the Minister of Public Finance, whereby Accounting Regulations regarding taxpayer’s annual financial statements and consolidated annual financial statements are approved.

Order 1802 / 2014 regulates the following:

  • the categories of reporting entities;
  • the format and content of annual financial statements;
  • general rules for the assessment of the items contained in the annual financial statements;
  • rules for the preparation, presentation and auditing of annual financial statements;
  • the standard chart of accounts;
  • functions of accounts.

This Order abrogates Order No 3055 / 2009 and Order No 2239 / 2011 of the Minister of Public Finance.

Order 1802 / 2014 comes into full force and effect as of 1 January 2015.