Simplified accounting rules, K1-, K2-, K3-, K4-rules
A lot has happened in the accounting- and auditing the last decade, mainly because of all the scandals that have succeeded each other. This has contributed to the Swedish legislation has been partly rewritten and adapted from EC:The Directive.
International accounting standards have had great influence on especially the large Swedish companies. Previously, these standards are adapted and designed for listed companies.
The Justice Department announced in November 2004 A memorandum regarding, inter alia, simplified accounting. ………………………………………………………………………
What are those new rules into practice?