Türkiye considers inflation accounting rule delay

Türkiye considers inflation accounting rule delay

Türkiye is re-evaluating its decision on whether to discontinue an accounting regulation that mandates companies to modify their financial statements to account for high inflation rates, reported Bloomberg, citing sources.  The government initially intended to incorporate a provision in an omnibus bill presented to parliament last week.   This provision was meant to delay the implementation of a particular practice for the accounting periods spa…