Article 5. Principles and main qualitative characteristics of accounting and Financial Reporting of the Law on Accounting and Financial Reporting

Home / RLA / Article 5. Principles and main qualitative characteristics of accounting and Financial Reporting of the Law on Accounting and Financial Reporting

1. The principles of accounting and financial reporting are accrual and continuity.

2. The main qualitative characteristics of financial statements are clarity, relevance, reliability and comparability.

The Law of the Republic of Kazakhstan dated February 28, 2007 No. 234.

This Law regulates the accounting and financial reporting system in the Republic of Kazakhstan, establishes the principles, basic qualitative characteristics and rules of accounting and financial reporting.

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Republic of Kazakhstan

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