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Financial Reporting in Moldova: Changes from 2027 and Preparation Plan for Businesses
What is confirmed by the Ministry of Finance in 2026 and what actions should be started now
On April 29, 2026, the Ministry of Finance announced that the Government had approved a draft law amending Law No. 287/2017 on accounting and financial reporting. The draft is prepared to harmonize national legislation with EU law and provides for updating the size criteria for micro, small, medium, and large entities and groups. According to the official announcement, the criteria should apply starting from the reporting period for 2027.
1. What is officially confirmed
The official publication of the Ministry of Finance records three important provisions. First, the criteria for classifying entities and groups by size category are being adjusted. Second, the application is announced starting from the reporting for 2027. Third, the increase in thresholds should allow a larger number of entities to apply simplified requirements and reduce the number of groups obliged to prepare consolidated financial statements.
It is important to formulate this precisely: the publication of April 29 reports on the Government’s approval of the draft law. Therefore, when making decisions, a company should check the final effective version of the legislation, not rely solely on an early draft.
2. Why the enterprise category is of practical importance
The enterprise category determines not the prestige of the business, but the proportionality of reporting requirements. As a company grows, the scope of disclosures and the complexity of preparing financial information may change. For a group of companies, consolidation also becomes an issue.
It is useful for the financial director to have a separate file annually with the calculation of classification criteria, sources of figures, and a conclusion about the applicable category. This reduces the risk of disputed interpretation at the time of preparing the report.
3. Law No. 287/2017 remains the basic document
Law No. 287 of December 15, 2017, establishes the basic regulatory mechanism, principles, and general requirements in the field of accounting and financial reporting in the Republic of Moldova. It applies to a wide range of entities registered in the country, including legal entities engaged in entrepreneurial activities.
Therefore, preparation for the 2027 changes should not be built as a separate project of a “new form”, but as an update of the entire chain: accounting policy – primary documents – registers – period closing – financial statements.
4. IFRS: real update in 2026
On March 30, 2026, the Ministry of Finance issued Order No. 49 on the adoption and publication of International Financial Reporting Standards. This order is present in the official section of the Ministry of Finance’s legislation on accounting and auditing.
For companies that apply IFRS, are part of international groups, or prepare data for foreign investors, this is another argument to support the process of monitoring standards as a continuous function, not a one-time task before reporting.
5. What to check in the accounting policy
Review the rules for revenue recognition, depreciation, inventory accounting, valuation reserves, foreign exchange transactions, fixed assets, accounts receivable, and significant contracts. The policy must comply with the actual business model and be applied consistently.
Separately check who has the right to change accounting settings and master data. A methodologically correct policy will not help if the ERP is configured differently.
6. Monthly closing as a quality management project
Good annual reporting is the sum of twelve quality closings. A minimal calendar may include reconciliation of bank accounts, cash, customer and supplier settlements, advances, tax accounts, inventory, and fixed assets; depreciation accrual; analysis of unusual entries; confirmation of intercompany balances.
Management should see not only the profit and loss statement but also the closing status: which accounts are not reconciled, which valuations are not confirmed, and which documents are missing.
7. Consolidation and groups
The official announcement from the Ministry of Finance separately indicates that the change in thresholds should reduce the number of groups obliged to prepare consolidated financial statements. This is particularly important for businesses with multiple legal entities.
Even if a group potentially ceases to be subject to mandatory consolidation, management consolidation may remain useful for owners. It shows total debt, intercompany turnover, actual profitability, and risk concentration.
8. Digital reporting: where new risks arise
Integrating ERP with sales, warehouse, payroll, and banking reduces manual work but increases the importance of settings. An error in an automatic rule can be repeated multiple times. Therefore, configuration changes must be tested, and data exports must be reconciled with the general ledger.
Access control should also be monitored: an accountant, a system administrator, and a business user should not automatically have the same permissions.
9. Preparation plan for 2026-2027
Stage 1: determine the current and projected enterprise category. Stage 2: track the final version of the changes. Stage 3: conduct a gap analysis of the accounting policy and closing process. Stage 4: check the ERP and access matrix. Stage 5: prepare disclosure templates and checklists. Stage 6: perform a trial closing before the official deadline.
This approach turns a legislative change into a manageable project with responsibilities and deadlines.
10. What to bring to the director or owner level
Management should receive a short, one-page memo: the company’s projected category; what is changing; what resources are needed; is there an impact on audit or consolidation; which processes require changes; which issues still depend on the final version of the legislation.
This allows not to overload management with technical details and at the same time avoid a situation where an important change is discovered too late.
11. Conclusion
The main risk of the transition period is not the new rules themselves, but a late reaction. In 2026, there are already official signals about the direction of the reform and a specific date for the application of updated criteria – the reporting period of 2027. Companies can use the remaining time to improve the quality of data and processes.
Important: the Ministry of Finance publication of 29.04.2026 refers to a draft approved by the Government. Before applying specific thresholds and obligations, AUDIT-EXACT recommends verifying the final effective version of the law.
Sources and regulatory framework
- Ministry of Finance of the Republic of Moldova, announcement dated 29.04.2026 “Simplified financial reporting for a larger number of entities and groups”; Law No. 287/2017; Ministry of Finance Order No. 49 dated 30.03.2026; official section of the Ministry of Finance legislation.
Editorial disclaimer: the material is of a general informational nature. Specific obligations and accounting conclusions must be determined based on the current version of the legislation and the actual circumstances of the specific organization.