The size characteristics of § 221 Commercial Code (UGB) influence the scope of financial statements and their publication and audit requirement.
By the Rechnungslegungs-Änderungsgesetz 2014 (BGBl I 2015/22), which implements inter alia Directive 2013/34/EU of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings into national statutory law, the size characteristics are amended.
