Dutch GAAP
**Dutch GAAP**
What is Dutch GAAP?
Dutch GAAP (Generally Accepted Accounting Principles) refers to the accounting standards and regulations that govern financial reporting in the Netherlands. It is used by companies based in the Netherlands to prepare their financial statements, ensuring transparency and comparability for investors and other stakeholders. While the Netherlands also permits the use of IFRS (International Financial Reporting Standards), many smaller and medium-sized companies still use Dutch GAAP. The specific rules are detailed in Dutch law and pronouncements by the Dutch Accounting Standards Board.
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