International standards will be widely introduced into the accounting system

    Business 16 September 2025 2378

    The Presidential Decree On Measures to Improve the Accounting System in Accordance with International Requirements and Standards”. (No. PD-282, dated September 15,2025) has been adopted."

    According to the decree, the legal status of Public Interest Organizations will be introduced for businesses of significant importance to society and the economy.

    A republican commission will be established to introduce international financial reporting standards.

    Entrepreneurs who meet the criteria of having a high social and economic impact and a wide range of stakeholders due to their type of activity and asset size will be classified as Public Interest Organizations.

    Entrepreneurs who meet the criteria will be included in the Register of Public Interest Organizations annually by July 1.

    From January 1, 2026, the Register will be maintained electronically by the Ministry of Economy and Finance and will be posted on the unified platform of the Government Portal and the Open Data Portal annually by July 1.