10/29/2008
The legislative process at the balance right (BilMoG) delayed. Partly because of the current financial crisis, the next hearing experts in the legal committee for the first 17/12/2008 was set so that the adoption BilMoG probably only occur in the first quarter of 2009 . With a recommendation of the Legal Committee and the 2nd BilMoG and 3 Reading in the Bundestag is expected by experts not until February or March 2009. The current developments speak so clearly for the adoption of the BilMoG only in 2009.
A shift in the application of BilMoG to one year supported by experts circles in recent opinions. In particular, the IDW has proposed in his letter dated 26.09.2008 to the Legal Committee to enter into force of most (not all) BilMoGVorschriften until 2010.
In practice, this development has the disadvantage that any desired new accounting rules can be applied until a year later than expected.
The benefits of the shift however, lie in the actual design of the TA by the legislature and a reasonable lead time for implementation of the BilMoG accounting of the companies.
banks and lobby groups have spoken out against the background of the time needed for creating the conditions for implementing the new accounting rules also apply to a shift in the BilMoG application.
NEW: 17.12.2008: Expert Consultation on Legal Affairs
NEW: Adopt first Quarter of 2009 (so far: the fall of 2008)
NEW: before: In force. 1.1.2010 (date: 1.1.2009).
bill the Federal Government v. 23.05.2008
