Bloc of democratic forces stands for the effectiveness of the accounting system
16/01/2016 00:00
Bloc of democratic forces stands for the effectiveness of the accounting system
16/01/2016 00:00
Tashkent, Uzbekistan (UzDaily.com) -- A meeting of the “Block of democratic forces” in the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan dedicated to discussion the draft law “On amendments and additions to some legislative acts of the Republic of Uzbekistan” “On Accounting” was held on 13 January 2016.
The Cabinet of Ministers of the Republic of Uzbekistan submitted this document for consideration to the deputies of the lower house and they adopted it in first reading.
It was noted that our country has a sound legal basis of formation of the accounting system, which is constantly being improved. In particular, this draft law provides a number of mechanisms aimed at the definition of accounting and its basic elements, subjects and objects of accounting, the delineation of rights and responsibilities of responsible persons.
The proposed amendments and additions in this draft law will help to improve transparency of accounting, ensure the internal control system, which will enhance the professional liability of heads of business subjects and accountants.
Participants of the meeting noted that it is very timely and correctly is offered to fix in the law norms regarding certain concepts in the field of “accounting”, in particular to clearly define the concept of “accounting”, “financial information” that will contribute to a more complete disclosure of accounting principles.
At the end of the meeting, decision of the “Bloc of democratic forces” on the discussed issue was taken.
The meeting was attended by experts, representatives of the ministries of finance, economy, justice, Central Bank, the institutions of civil society and journalists.
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