Who is Obliged to Prepare a Corporate Governance Report?
In practice, a common question and point of confusion is who is required to prepare a corporate governance report - whether it applies to all large legal entities or only to those with the status of a public interest entity. Under the legal framework of the Republic of Serbia, the status of a public interest entity is clearly defined by the Law on Accounting and the Law on Audit. According to the Law on Accounting, a public interest entity is one classified as such under the law governing the audit of financial statements. The Law on Audit further specifies that...