Day of the Accountant and Auditor of Ukraine (16/07)

Every year on July 16, Ukraine celebrates the professional holiday — Accountant's Day, which since 2018 has had a new name — Accountant and Auditor's Day. The date of the holiday was chosen due to the fact that on July 16, 1999, the Law of Ukraine № 996-XIV «On accounting and financial reporting in Ukraine» was adopted.

This Law defines the legal basis for regulation, organization, accounting and preparation of financial statements in Ukraine.

In accordance with the Act, the purpose of accounting and financial reporting is to provide users with complete, truthful and impartial information about the financial condition, performance and cash flow of an enterprise for decision-making.

Taking into account the significant contribution of employees of accounting services and auditors to the development of financial and economic activities of enterprises, institutions and organizations, the growth of the national economy, by Decree of the President of Ukraine №662/2004 of June 18, 2004, Accountant Day was officially established, and the date of its celebration was set for July 16. And by Presidential Decree №103/2018 of April 20, 2018 on amendments to this document, the holiday began to be called — Day of the Accountant and Auditor.

The official approval of the holiday made it possible to raise the prestige of the profession, and, therefore, forced government officials to take a fresh look at specialist accountants. At the same time, this made it possible to realize that — accounting is not only tax reporting, but also the basis for making management decisions.

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