Report on Financial Statements of National Reserve Activities Must be Publicly Disclosed

14:02, 11/07/2024

This is the content of the regulations set out in Circular 108/2018/TT-BTC guiding national reserve accounting. Circular 108 replaces Circular 142/2014/TT-BTC.

According to the new regulations, national reserve financial activity reports must be disclosed in accordance with the law on national reserve activities.

Also, according to Circular 108, the General Department of State Reserves will stipulate the specific deadline for submitting national reserve financial activity reports to ensure the time for compiling financial reports and reporting to relevant agencies and units.

Furthermore, Circular 108 provides for the reporting of operations regarding national reserve activities as follows:

- The accounting unit assigned national reserve capital by the state must prepare operation reports on national reserve activities.- The content and methodology for compiling the system of operation reports on national reserve activities will be guided by the General Department of State Reserves to align with management requirements and reporting to competent authorities.- In addition to the reports specified in these policies, units managing national reserve capital must also prepare other reports as required by competent authorities.

See more regulations in Circular 108/2018/TT-BTC which takes effect from January 01, 2019.

- Thanh Lam -

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