What is NAS No. 1?
Also known as: Presentation of Financial Statements and Accounting Policies
NAS No. 1 “Presentation of Financial Statements and Accounting Policies” sets out the general requirements for presenting financial statements and the rules for selecting and applying accounting policies. Its aim is to make the statements of an organization comparable across periods and with those of other organizations. Approved by Order No. 130 of the Minister of Economy and Finance dated 14 June 2024 (registered with the Ministry of Justice on 06.08.2024, No. 3544); in force from 1 January 2025.