Uruguay moves for mandatory filing of financial statements

On July 4 the Executive Branch approved a decree under which all Uruguayan companies with total assets of not less than approximately U$S 450.000 or with a net operating income of not less than approximately U$S 1.500.000 will be required to file their annual financial statements with the National Comptroller Bureau ("Auditoría Interna de la Nación" or "AIN").

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