Scientific paper ID 2637 : 2025/1

The comprehensive and mutually consistent changes to the national financial and accounting legislation in August and September, 2024 (the Accounting Act, the Independent Financial Audit Act and the Public Offering of Securities Act ), introduce new reporting, transparency and auditing ments related to corporate sustainability as well as new thresholds (criteria) for different categories of enterprises.

The article provides a condensed overview of the corresponding amendments and updates to the national legislation that will apply to АFS from 2024 onwards, in a stepwise manner until 2028. They fulfil the obligation to harmonise national legislation with European legislation in relation to sustainability reporting and in relation to indicators on the size of enterprises and enterprise groups.

The new reporting ments give due importance to the role of transparency in modern business in measuring economic, social and environmental sustainability, and the legal amendments are in response to European policies and regulations to strengthen the environmental and social responsibility of companies. The aim is to enable investors and society to better understand the risks and opportunities that sustainability issues pose for their investments on the one hand, and the impacts of these investments on people and the environment on the other (the so-called concept of Double Materiality).