Moldovan Government Approves Increase in Size Criteria for Different Categories of Entities and Groups

During a recent meeting, the Moldovan government approved a draft law amending the Law on Accounting and Financial Reporting No. 287/2017. The amendments increase the size criteria (total assets and sales revenue) for different categories of entities and groups to account for inflation and allow more companies to qualify for simplified reporting rather than full financial disclosures. The amendments also ensure that Moldovan accounting standards remain aligned with European standards as par…