Purpose. Providing business entities with more reliable, accurate and standardized accounting and financial statements data, and their critical review by competent auditors in accordance with international auditing standards; developing rules for financial statements and auditing for business entities of different types and sizes; and disclosing standardized financial statements in electronic form by all business entities.
The NBU is the recipient under Component 3 “Financial Statements in a Single Electronic Format” of the EU-FAAR Project, which provides for the disclosure of standardized financial statements in a single electronic format by all business entities, including banks and other financial institutions, in accordance with the Law of Ukraine On Accounting and Financial Statements in Ukraine.
Products implemented for the NBU, and key events:
- the Ukrainian XBRL IFRS taxonomy 2020 was developed
- the Ukrainian XBRL IFRS taxonomy 2021 was developed
- the development of the Ukrainian XBRL IFRS taxonomy 2022 is in progress
- a seminar on corporate sustainability reporting was held (2024).