The Government approves the Decree that introduces the international financial reporting standards adopted by the European Union since 2019

Press release

27/03/2019

The Council of Ministers has approved, at the proposal of the Minister of Finance, Jordi Cinca, the Decree introducing the international financial reporting standards adopted by the European Union since January 1st, 2019, following the process of convergence within the subject of accounting regulations, as established by the accounting framework applicable to the operating entities of the Andorran financial system and the collective investment schemes under Andorran law in accordance with the international financial reporting standards adopted by the European Union (IFRS-EU), which at the same time have also been adopted by Andorra (IFRS-Andorra).

Source: Andorran Financial Authority / The Government of Andorra´s Department of Communication