Bulgaria in Line with Int'l Accounting Standards

Business | October 15, 2004, Friday // 00:00

The international auditing and accounting standards adopted by the European Commission will be valid on Bulgarian territory, according to the latest amendments of the Accountancy Act.

The Parliament approved Friday the draft text, which envisages that the Finance Ministry will work out the national standards applicable for Bulgaria-registered small and middle-sized enterprises till end December.

The Finance Ministry will also be in charge of organising the official translation of the international accounting standards into Bulgarian language.

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