What is NAS No. 16?
Also known as: Events Occurring in Business Activities after the Balance Sheet Date and Unforeseen Circumstances
NAS No. 16 “Events Occurring in Business Activities after the Balance Sheet Date and Unforeseen Circumstances” sets the procedure for accounting for, and disclosing in the financial statements, events and unforeseen circumstances in business activities that occur after the balance sheet date. For foreign readers: broadly corresponds to IAS 10 “Events after the Reporting Period”. Approved by Order No. 139 of the Minister of Economy and Finance dated 14 June 2024 (registered with the Ministry of Justice on 31.07.2024, No. 3539).