GAAS 8 - Amendments to GAS 20 Group Management Report

Publication Date:: 22.09.2017
Effective Date:: 22.09.2017

How to order
The German Accounting Standards (GAS) can be purchased here in printed form or as a online database at Schaeffer-Poeschel publisher or can be purchased (individually for each standard) as a PDF file at Genios.

Status: Publication of the authoritative German version by the Federal Ministry of Justice and Consumer Protection

GAAS 8 adopted by the Accounting Standards Committee of Germany (ASCG) on 22 September 2017. Publication of the authoritative German version by the Federal Ministry of Justice and Consumer Protection under section 342(2) of the HGB on 4 December 2017.

Revised Standards, especially GAS 20

GAAS 8 mainly amends GAS 20 Group Management Report following the new requirements according to the Implementing Act for the CSR Directive. The main amendments to GAS 20 are the new sections addressing the diversity policy and for the non-financial statement.

Also amendments to

GAS 3 Segment Reporting,
GAS 4 Acquisition Accounting in Consolidated Financial Statements
GAS 7 Group Equity and Total Recognised Results
GAS 8 Accounting for Investments in Associates in Consolidated Financial Statements
GAS 9 Accounting for Investments in Joint, Ventures in Consolidated Financial Statements
GAS 13 Consistency Principle and Correction of Error
GAS 17 (amended 2010) Reporting on the Remuneration of Members of Governing Bodies
GAS 18 Deferred Taxes,
GAS 19 Duty to Prepare Consolidated Financial Statements, Basis of Consolidation,
GAS 21 Cash Flow Statements
GAS 22 Group Equity
GAS 23 Accounting for Subsidiaries in Consolidated Financial Statements and
GAS 24 Intangible Assets in Consolidated Financial Statements