Document background
The Waiver of Accounting document is utilized in situations where Danish companies seek to simplify their accounting procedures or modify reporting requirements within the boundaries permitted by Danish law. This document becomes relevant when companies meet specific criteria under the Danish Financial Statements Act that allow for such modifications to standard accounting requirements. The waiver must be properly executed with appropriate shareholder approval and may require notification to or approval from the Danish Business Authority (Erhvervsstyrelsen). It's particularly useful for subsidiary companies, holding companies, or smaller enterprises that qualify for simplified reporting procedures. The document includes specific details about which accounting requirements are being waived, the duration of the waiver, and necessary declarations from all relevant parties to ensure legal compliance.
