Draft Position on the disclosure of activities to be discontinued or ceased
4 April 2023
We would like to inform you that the Accounting Standards Committee has submitted for public discussion a draft Statement of Position on the disclosure of activities to be discontinued or ceased and the disclosure of information on this subject.
The draft position relates to the reporting and disclosure in the financial statements of activities to be discontinued or ceased referred to in Article 47(3) of the Accounting Act of 29 September 1994.
The current legal provisions on accounting, including financial reporting, do not provide sufficient grounds for a uniform and consistent presentation in the financial statements of the effects of activities to be discontinued or ceased, and therefore entities obliged to apply them apply different solutions. This interferes with the assumption of comparability of financial statements.
This situation was the basis for the Accounting Standards Committee to develop and issue a position paper, the provisions of which could contribute to ensuring the comparability of the information presented in this regard.
The deadline for comments and feedback directly to the CRS is 12 May 2023.
Comments and feedback can be submitted at www.gov.pl
If you have any further questions or require additional information, please contact your business relationship person or use the enquiry form on the HLB Poland website.
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