Amendments to the Drawing-up of Annual Accounts by Economic Interest Groups

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Monitorul Oficial al Romaniei No. 563/08.08.2011 has published Order No. 2382/03.08.2011 of the Minister of Public Finance, which supplements accounting regulations.

The main amendments contained in the aforementioned Order refer to the following:

  • The accounting regulations compliant with the Fourth Council Directive, which are included in the Annex to Order No. 3055/2009 of the Minister of Public Finance shall also apply to economic interest groups as they are defined in Title V of Law No. 161/2003, regarding measures providing for transparency in the exercise of executive functions and public functions and in the business environment, as well as for the prevention and punishment of corruption.
  • Accounting regulations have been supplemented by a new subsection containing provisions relative to the accounting of the operations performed by economic interest groups.
  • Economic interest groups shall prepare annual financial statements (i.e. balance sheet, profit and loss account, statement of changes in shareholders’ equity, cash flow statement and explanatory notes to the annual financial statements) the component elements of which shall be established in accordance with the criteria of the accounting regulations in force, subject to the activity carried out by such groups.


This article is also available in: Romanian

This post is also available in: Romanian

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