ASCG to develop a proposal for a reform of § 301 HGB

The German GAAP Technical Committee agreed to the commission by the Federal Ministry of Justice and Consumer Protection to develop a proposal for a reform of § 301 HGB. The aim is to develop a statutory basis for changes in the method of accounting.

Additionally, the Committee decided to withdraw the corresponding regulations in GAS 23 Accounting for Subsidiaries in Consolidated Financial Statements.