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Mission statement

The missions of the CNC are listed in Article 73 of the amended Law of 19 December 2002 regarding the trade and company register, as well as the bookkeeping and annual accounts of companies:

"The Government entrusts an economic interest group known as 'Accounting Standards Board (CNC)' with the following missions:

  1. To advise the Government, at its request or on its own initiative, on accounting matters applicable to undertakings covered by this law, in particular with regard to the bookkeeping, the annual accounts and the consolidated accounts;
  2. Contribute to the development of an accounting doctrine, if applicable, by issuing general opinions or recommendations;
  3. Participate in debates on accounting matters within European and international bodies;
  4. Carry out any other tasks assigned to it by law."

The CNC's mission is to contribute to the development of accounting doctrine / guidance for the accounting community as a whole, in particular through opinions, recommendations and Q&As.

It is not part of the CNC's tasks, as defined by law and its statutes, to respond individually to questions submitted by undertakings and other stakeholders.

However, undertakings and other stakeholders are free to refer accounting issues to CNC if they consider that a doctrinal clarification, accessible to the entire accounting community, is appropriate. To this end, they are recommended to set out the accounting issue concerned in their letter, explain the problem encountered and explain why a doctrinal clarification appears useful.

After review, the CNC may decide to include these issues in its work programme. Depending on the outcome of the work, this may result in the publication of opinions or other doctrinal documents (e.g. Q&As).

The CNC encourages companies and other stakeholders to check its website regularly to stay informed about its publications.