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Draft amendment from 14 December 2020 to the Accounting Act.

Draft amendment from 14 December 2020 to the Accounting Act.

07.01.2021

| Anna Witosławska

On the website of the Government Centre for Legislation they have published  the draft amendment from 14 December 2020 to the Accounting Act. It presents, among others, a simplification within the scope of undersigning financial statements of units managed by multi-person bodies. The present legal rules do not allow the possibility of undersigning financial statements by one member of the management board if a unit is managed by a multi-person body. The amendment to the Accounting Act is to introduce the possibility of undersigning the statement solely by one person who is a member of this body. However, it will be necessary to obtain by this person confirmations from the remaining persons comprising the body referring to the fact that a given financial statement fulfils requirements contained in the Act. The application of the new solution will be voluntary. This long-awaited change is a beneficial solution for companies managed by foreign persons who at present find it difficult to meet their statutory obligations due to organizational and technical matters. 



Anna Witosławska

Specialists:

Anna Witosławska

Statutory Auditor

Anna Witosławska

Contact:

Rondo ONZ 1
00-124 Warsaw