D-GAAS 7 published

The ASCG publishes today the Draft German Amendment Accounting Standard No. 7 (D-GAAS 7) (only in a German version). The draft amends GAS 16 Interim Financial Reporting for changes in the underlying statutory requirements. The amendments resulting mainly from the abolition of the obligations to publish interim management statements or quarterly financial reports which is caused by the Implementation Act of the Directive amending the Transparency Directive (2013/50/EU).
The draft is open for comment until 21 March 2016 (DRSC, Zimmerstr. 30, 10969 Berlin or info@drsc.de).