The Saeima has adopted and the President issued the following law: amendments to the law "on accounting" make law "on accounting" (the Republic of Latvia Supreme Council and Government Informant, 1992, 44/45.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1995, nr. 3, 23; in 1996, no 24) the following amendments: 1. Express article 7 by the following: ' article 7 accounting records may be made to any entries that are not supported by source document. Justification is required to document the following properties (identification data): company name and registration number in the register of the Ministry of Justice (dealing with the physical person – person's code), the document name, number and date, transaction description and economic justifications, measure (quantity, amount), members (directly involved in the transaction) and on the business transaction and the source document for the accuracy of the information provided in the responsible person signature. Individual justification document types can be required are other additional properties (stamp and others), which provide the appropriate Cabinet Minister.
If the transaction is a commercial external justification document, it should be given priority in comparison with any internal source document.
For external justification document is considered a document drawn up for the other, not the company. All other source document should be considered the company's internal source documents.
If the source document is prepared with electronic computing machines (computers), the financial transaction and the person responsible for the accuracy of the information in the signature may be replaced by the electronic ticketing (authorization). Justification the electronic validation of documents (authorization) procedure in the company down the head of the company. External electronic validation of documents (authorization) can be used only when the parties to the transaction have agreed on the procedures of justification in the exchange of documents in electronic form, and electronic certification (authorization) procedure.
Records accounting records must be made timely, complete, accurate and systematically arranged. It is not permissible for entries whose content or gauges are different from the source document.
If the entry in the accounting records and documents are correct, you should see the original content and each amendment must be stated and approved by signature. Corrections may be made in such a way that it is not clear when or why they were made.
The accounting records of the sort only with electronic computing machines (computers) permissible only where does not breach the requirements of this law. In addition, the data must be provided to a third person the image legible type and, if necessary, their statement. "
2. Turn off the article 8, fourth and fifth.
3. in article 13: make the third paragraph as follows: "for each reporting year is drawn up and the message. Annual report as a single whole consisting of balance sheet, profit and loss statement, statement of changes in equity, cash flow statement and the notes. The report is the company's management report for the company's development of the reference year. ";
make quarter point 2 as follows: "2) institutions and bodies that are financed from the State budget or local budgets, as well as public organizations, associations, religious organisations and trade unions. These institutions and organizations, the structure and amount of which shall be determined by the Cabinet of Ministers or other statutory authority. "
4. the title of chapter IV, Expressed as follows: "chapter IV accounting standards".
5. Express article 15 the following: ' article 15 provisions on accounting and organisation, operation records and other accounting issues related to the application of this law, as well as provisions on the mandatory for the Republic of Latvia accounting standards issued by the Cabinet of Ministers. The Republic of Latvia accounting standards development, adoption and adaptation of the international accounting standards and the standardization of the law governing. "
6. To supplement the law with the following transitional provisions: "the transitional provisions in the amendment of article 13 of the law applicable to the third part of the annual accounts for the period starting in 1999."
The Parliament adopted the law of 8 July 1999.
President Vaira Vīķe-Freiberga V., Riga 1999 on July 20.