Differences in accounting between USA and Republic of Moldova

Differences in accounting
between:
USA & Republic of Moldova

, The Legal Framework for Accounting
If you are local
company in:
US Republic
A of
Moldova
use
You




Based
on
Generally Regulated
Law nr.
Accepted Ministry of Finance by
287/201
Accounting
7
Principles (GAAP)
Regulated




 Entities
listed on the
SME/ stock
by




LE Public interest exchange
entity market




use
You
 Banks




use
You
Financial American  Insurance
National companies
Accounting Institute of  Large
Standards Board Certified Public Accounting International companies
(FASB) Accountants Standards (NAS) Financial or joint-stock
(AICPA) Reporting companies
in which the

, Financial reports
If you are local
Registered
at Securities
company in:
and US Republic
Exchange A of
Commission Moldova




Based
(SEC)




on
Public company/high Private a Law
assets/high nr. of company
Law n nr.287/2017 IAS
investors
GAAP(no specific nr.271/2017 d & report
re
form) nt qui SNC/IFRS
s re
m
8-K e
10- 10-K
Q •The statement of profit
or loss
•The balance sheet Micro Small Medium Public
Quarterly, Recent,
Annual, whenever a
•The cash flow statement & IA & Large interest
comprehens short significant entities
ive report report
event
happens Complete RSF
Short Simplified & Leadership report
RSF RSF and auditor's report