BDO AG Publishes Update on German Accounting and Corporate Governance Changes

BDO AG Wirtschaftsprüfungsgesellschaft has published a newsletter outlining key changes in German commercial law and international accounting standards from the latter half of 2015. The publication provides analysis and interpretation of several current topics related to accounting, taxation, and legal advice.

A significant focus is on E-DRS 32, released by the German Accounting Standards Committee (DRSC), which clarifies the treatment of intangible assets in consolidated financial statements. The review also addresses the valuation of real estate under German commercial law (IDW RS IFA 2) and the assessment of grounds for insolvency (IDW S 11).

Regarding international IFRS standards, BDO discusses new enforcement decisions from the European Securities and Markets Authority (ESMA) and proposed amendments to IFRS 10 and IAS 28. Furthermore, it provides a detailed overview of the key aspects of IDW RS HFA 40 concerning impairment of assets under IAS 36.

The review also includes an analysis of the 2015 changes to the German Corporate Governance Code (DCGK). These amendments emphasize the enhanced role of the supervisory board and integrate new provisions for the representation of women in management and supervisory positions.

This publication from BDO AG offers companies and experts in-depth information and guidance for navigating complex accounting and regulatory shifts within the German and international business landscape.