Draft of a new version of IDW RS HFA 41

On 14 December 2023, the Expert Committee on Company Reporting (FAB) of the Institute of Public Auditors in Germany (IDW) adopted the draft of a new version of the IDW Statement on Accounting: Effects of a change of legal form on annual financial statements under commercial law (IDW ERS HFA 41 n.F.) and published it on the IDW website.

The Act Implementing the Reorganisation Directive (UmRUG) of 22 February 2023, which came into force on 1 March 2023, created the legal basis for, among other things, cross-border changes of legal form of corporations within the EU.

IDW RS HFA 41 is to be expanded because of this amendment to the UmwG. The explanations in IDW ERS HFA 41 (new version) relate to both the annual financial statements of the entity changing its legal form or the legal entity in its new legal form itself and the annual financial statements of its shareholders who prepare the accounts.

The FAB recommends applying the draft of the new version of the pronouncement already.

The IDW is requesting suggestions for amendments and additions to the draft by 31 March 2024.

You can download the draft here.