Accounting Law (Revised)
会计法（修订版）
ກົດໝາຍວ່າດ້ວຍ ການບັນຊີ (ສະບັບປັບປຸງ)
Summary
This Law stipulates the fundamental principles and standards for accounting work, and applies to organizations and individuals engaged in accounting activities within the territory of Laos. Its contents encompass the objectives of accounting, the definition of accounting, and explanations of related terminology, aiming to ensure the authenticity, completeness, and comparability of accounting information, and to promote the standardization of economic management order.
Articles
Article 1
Article 1 Purpose (Amended)
This Law stipulates principles, regulations, and measures for the management, supervision, and inspection of accounting work, in order to ensure that such work is correct, uniform, stable, transparent, and modern, aiming to make state financial management and enterprise business management efficient and effective, and to contribute to national socio-economic development.
Article 2
Article 2: Accounting (Amended)
Accounting is the activity of collecting, recording, classifying, processing data, and summarizing financial activities to prepare financial statements of accounting entities and provide financial data as an important basis for decision-making by relevant parties.
Accounting includes state accounting and enterprise accounting.
Showing the first 2 of 89 articles. Open the LaoPaniti app for the full trilingual text.
Read the full trilingual text with AI explanation in the LaoPaniti app← LaoPaniti home: AI legal Q&A · contract drafting · Chinese-Lao translation