Contabilidade e regras contábeis em Burkina Faso
Accounting Rules
- Tax Year
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The tax year is the calendar year.
- Accounting Standards
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The Organization for the Harmonization of African Business Law released a Uniform Act on Accounting and Financial Information (AUDCIF), which came into effect on January 1, 2018 for individual accounts and on January 1, 2019 for consolidated accounts, combined accounts, and financial statements prepared in accordance with IFRS.
Since January 1, 2019, all listed companies and firms making a public call for capital are required to meet IFRS Standards.
- Accounting Regulation Bodies
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Conseil Permanent de la Profession Comptable (CPPC)
- Accounting Reports
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According to art. 8 of the Accounting Act of the Organisation for the Harmonization of Corporate Law in Africa (OHADA), companies must publish a balance sheet, a profit and loss account, a cash flow statement and notes to the financial statements.
All listed companies and companies making a public call for capital must use IFRS standards for their financial statements.
- Publication Requirements
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Each company must file a separate tax return before 30 April fafter the tax year ends, together with the tax balance for companies with annual turnover.
- Professional Accountancy Bodies
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Ordre National des Experts-Comptables et des Comptables Agréés du Burkina Faso (ONECCA)
- Certification and Auditing
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Statutory audits are mandatory for all public companies, limited liability companies and partnerships that exceed one of these three thresholds: total balance sheet in excess of CFA125 million; sales volume greater than CFA250 million; or more than 50 permanent employees with a total balance sheet in excess of CFA250 million and sales volume of CFA500 million. For banks, financial institutions and insurance companies, mandatory audits are also required.
- Accounting News
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Últimas atualizações em November 2024