27 December 2020 – Companies, other than those of public interest, will no longer have to present in a hurry – within 120 days from the last day of the management period, the financial situation and the audit report. Changes in this regard have been made by Parliament in the budgetary-fiscal policy for 2021.

According to the experts from the Secretariat of the Economic Council, who proposed this measure, in the process of elaborating the Policy Matrix within the Study of the impact of the COVID pandemic on the economic sectors, the business community noticed a series of obstacles in applying the legal provisions. performed by PMs. According to economic agents, the deadline for publishing financial statements and audit reports is too short – 120 days from the last day of the management period. In order to comply with the terms established by law, companies were put in a position to incur considerable expenses for the services of audit companies that became more expensive during the reporting season, being assaulted by a large number of economic agents.

Now companies will breathe easier, the deadline to submit these documents has been extended by 30 days. Thus, the presentation of the financial situation and the audit report for the economic agents will be made within 150 days from the last day of the management period.

The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund.