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The belgian accounting standards board (basb) is responsible for enacting financial reporting standards in belgium in accordance with the accounting act of 1953 as amended in 2015 for all other entities. The model accounts are presented in the standard format for each country or territory with original language and english language versions presented together. The report for the year 2023 can be accessed via this link. We support belgian clients at every stage — from bookkeeping and preparation of financial statements to statutory independent audits and submission of tax filings, including cfc notifications and related reporting where required. Consolidated financial statements published under ifrs must follow the prescriptions of such standards (ias 1 presentation of financial statements) Consolidated financial statements are accompanied by the consolidated management report and statutory auditor’s report. Explore the essentials of financial reporting in belgium, from legal frameworks to audit processes Understand the belgian accounting standards, compliance requirements for various business sizes, and the importance of transparency in fostering stakeholder trust. Accounting law and audit law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world Explore insights covering topics that involve accounting and audit law from specialists working in this area every day.