UP-TO-DATE ISSUES RELATED TO APPLYING THE NEW ACCOUNTANCY ACTAuthors
accounting; Accountancy Act; categories of entities; applicable accounting standards; financial statements.
The application of Directive 2013/34/EU of the European Parliament and of the Council on annual financial statements, consolidated financial statements, and related reports of certain types of undertakings required the introduction of some changes in current accounting regulations in Bulgaria. This paper focuses on issues related to applying the new Accountancy Act and some of the contradictions which have arisen as a result.
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